NOT FOR REPRINT
Page Printed from: globest.com/research/?page=69
Sign In To follow
The second quarter's numbers will likely slow through the second half of 2022.
There's a large amount of speculative construction underway that is expected to be absorbed quickly.
Grocery, energy, transportation costs take a toll on a large number of consumers.
While the cost of homeownership remains sky-high in most of the US, new research shows it "is still quite possible" in cities across the Midwest and Northeast.
Cap rates for new listings hit 5.83% on average in the second quarter, five basis points above Q1.
National median rent is up 14% in July while consumers endure rising prices.
NAHB advises builders to be cautious given rising interest rates, high construction costs.
Competition for homes is lowest since start of pandemic; sellers must make homes 'feel fresh.'
Industrial growth and absorption not able to keep with 2021's blistering pace.
House hunters nationwide are enjoying newfound bargaining power.