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Emerging areas with major logistics hubs are expected to be active this year but a scarcity of land could hinder growth.
Demand picked up in the final month of 2021 as buyers became increasingly concerned that rising interest rates will make buying a home out of reach.
Sixteen of the top 20 metro areas posted gains in 2021, Dodge Construction Network reported.
NMHC/Grace Hill renter preference survey sheds light on how the pandemic has affected resident behavior.
Biggest increase was in Austin, where rents surged 40%, Redfin reported.
Areas near Phoenix and Dallas are poised to perform well in 2022.
The Chicago and NYC areas are most susceptible, while other markets along the East Coast are vulnerable as well.
While the number of deals were up last year, their average size was down.
CoreLogic called the hikes the fastest increases in the history of the index.
"The combination of ongoing increases for building materials, worsening skilled labor shortages and higher mortgage rates point to declines for housing affordability in 2022."