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You are here: Home / Real Estate / Housing construction expected to decline

Housing construction expected to decline

August 18, 2022 By Geoffrey Disch Leave a Comment

The National Association of Home Builders is expecting a 10 percent decline in single-family homes this year. High mortgage rates and a slowdown in home buying have produced a temporary glut in the housing market.

However, analysts point out that there is still widespread demand as construction hasn’t kept up with the increase in population. Once inflation cools and mortgage rates decline, many predict a robust return to home construction.

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Filed Under: Real Estate Tagged With: Single-family home construction

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