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US housing market 2024: What are the factors bolstering the market outlook?

Watch our webinar replay on the US housing market

The US housing market is still at a crossroads.

The new side of the housing market weathered the rise in rates reasonably well in the second half of 2023, as the existing market remained constrained. Builder rate buydowns were instrumental in boosting sales and rates sat above 6.5% for most of last year. The Federal Reserve is expected to begin bringing rates down in the latter part of 2024, setting the stage for what could be an even stronger 2025 assuming labor markets remain stable.

Join Fastmarkets economists and speakers from CoreLogic, Dodge Construction Network and Mortgage Bankers Association to explore the state of the housing market, the latest trends across the construction industry and what is to come in the latter half of 2024 and into 2025.

Key themes:

  • How does housing demand look compared to this time last year?
  • What will be the housing market’s greatest struggle/strength over the next year?
  • Will multifamily construction improve in 2025 with the expectations of lower rates?
  • What impact could the change in agent commission structure bring?
  • What can we expect the demographic trends to look like?
  • Where is the growth in housing construction most likely to be? Will the US South still dominate? How does the housing shortage vary by metro?
  • What are the struggles of home affordability?
 
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