Housing Market Update: Analyzing Home Builder Sentiment and More | Episode 082 | 12-18-2023
In today’s episode, Chief Investment Officer Megan Horneman takes a look into the latest housing market insights. Discussing the November NEHB Housing report, Megan notes a surprisingly positive sentiment despite historical weaknesses, attributed to a near-term peak in interest rates and subsequent declines in mortgage rates. An important trend to focus on includes a significant 60% of surveyed developers extending incentives to spur demand, addressing concerns about housing inflation. Additionally, 36% of builders reported cutting prices for the month, suggesting a potential bottom in housing inflation. Megan mentions the importance of continued vigilance in monitoring data trends in the future. Stay informed on economic updates by joining for future episodes, and for any questions or comments, reach out to podcast at Verdence dot com.
