"When we're talking about the price and availability of lumber, we're talking about housing affordability conditions," Robert Dietz, chief economist at the National Association of Home Builders, told Insider."Those higher costs ultimately will dictate the amount of supply that's available."
Still, millennials are unlikely to see a reprieve anytime soon. Mortgage rates are expected to only tick up slightly from their historically low levels in the near future. That, coupled with a modest rebound in supply, is expected to keep the market boom alive and prices up, albeit at"I think we will return more to the trend that we were seeing pre-pandemic," Nothaft said, referencing the single-digit year-over-year price growth seen throughout the 2010s.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
It’s too damn high to rent.
Why was Trump banned?
United States United States Latest News, United States United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Americans getting priced out of red-hot housing market: 'It's the Wild West'With home prices rising at the fastest pace in 15 years, buyers nationwide are getting priced out. The result, economists warn, is widening inequalities in the housing market. Maybe Biden can include free homes in the new infrastructure bill. Why not? Because 'investors' are buying up single family homes instead of actual families. Welcome to the new housing bubble. It's like our government has forgotten what 2007/2008 were like. DNC needs to monitor this closely!
Source: ABC - 🏆 471. / 51 Read more »
Here's Why Experts Think The Stock Market Could Rip Higher As Stocks Test New HighsHere's why experts think the stock market could rip higher as stocks test new highs:
Source: Forbes - 🏆 394. / 53 Read more »
Here’s Why Experts Think The Stock Market Could Rip Higher As Stocks Test New HighsHere's why experts think the stock market could rip higher as stocks test new highs: white looters keep getting richer
Source: Forbes - 🏆 394. / 53 Read more »
$3 A Gallon Gas? Here’s Why A Cyberattack On A Pipeline Company Has Experts Worried Prices Will Stay HighExperts warn a long-lasting shutdown could lead to price surges and fuel shortages. FakeNewsAlert Cyber attack lead by Liberal Left ? Who else benefits Because they can.
Source: Forbes - 🏆 394. / 53 Read more »
$3 A Gallon Gas? Here’s Why A Cyberattack On A Pipeline Company Has Experts Worried Prices Will Stay High$3 a gallon gas? Here’s why a cyberattack on a pipeline company has experts worried prices will stay high:
Source: Forbes - 🏆 394. / 53 Read more »