NEW Report! Homebuilders Forced to Pivot
The sharp increase in mortgage interest rates this year as well as rising building material costs & labor has caused home builder confidence for the construction of new single-family homes to fall every single month this year per the National Association of Home Builders (NAHB) monthly survey. Builder confidence is at the lowest level since mid-2012, if you exclude the onset of the pandemic.
I also share the latest report from the US Census Bureau for permits authorized, housing starts, units under construction and the number of units completed. For example, housing starts for single family homes fell a whopping 32% from November 2021 versus a 25% gain for 5+ units during the same time period.
➜➜➜ Get Connected To a GREAT Real Estate Agent in Your Area
Compilation of Housing Market Forecast videos:
To give you a quick mortgage interest rates update, according to the Mortgage News Daily the average 30yr fixed rate mortgage is around 6.3% for the current mortgage rates (at the time of filming this video for those with excellent credit).
Comment below: what’s your housing market forecast? Do you think a housing crash will happen or are your housing market predictions that the real estate market and home prices will continue to surge?
Products I use and like: ad
Virtual Assistants (video editing) https://bit.ly/3lYRujQ
Jason Walter, CPA (lic 103885)
Sacramento real estate agent and native
Realty ONE Group Complete (DRE 01923240)
➜➜➜ SUBSCRIBE FOR MORE VIDEOS ➜➜➜
To never miss a video about personal finance & real estate related topics, please subscribe & then hit the bell notification here ➜ https://bit.ly/31kAR73
➜ PLAYLIST: Videos about Living in Sacramento
Royalty Free Music from Bensound
Jason Walter is not a practicing tax accountant or a licensed attorney or financial adviser. Therefore, the information in these videos shall not be relied upon as tax, legal, or financial advice from a qualified perspective. If you need such advice, please contact a qualified tax accountant, attorney, or financial adviser. We have taken reasonable steps to check that the information in this video is accurate but we cannot represent that it is free from errors. You expressly agree not to rely upon any information contained in this video – it is for entertainment purposes only.
This video description may contain affiliate links that allow you to easily find the items mentioned in my videos as well as support the channel at no cost to you. Thank you for your support! Jason Walter is a licensed real estate agent with Realty One Group in California under DRE 01923240.
#newhomes #housingmarket #realestate