Housing at a crossroads: Why near-term pain could be short-lived

The US housing market is at a crossroads. Following a substantial deterioration of conditions in mid-2022, as mortgage rates spiked from 3% to over 7%, there are signs that the worst of the housing market decline may be over. However, many headwinds still exist even as home sales show signs of life. Home affordability, demographic trends and supply chain challenges are just some of the forces driving change and adding complexity to the industry.

Watch our on-demand webinar where Fastmarkets’ senior economists, Jennifer Coskren and Dustin Jalbert, plus guest speakers from Fannie Mae, LMC and Nomad Framing as they discussed and debated on:

• Current challenges across the construction and building materials supply chain
• The robustness of the housing economy – and how this might change
• The future of demographic trends and its impact on housing fundamentals
• The struggles of home affordability
• The repair market and home equity

In addition, participants will get a sneak peek at Fastmarkets’ newly developed remodeling index.