This article summarizes the key discussions at a major developer/builder conference.
The specific insight that caught our eye was this: “Although buyers feel it’s a bad time to buy a house – with election worries and affordability concerns – the industry has enthusiasm for next year based on several factors, including lot supply, mortgage rates, and pent-up demand.”
This matches what we’re seeing with our various lending and development activities. The September drop in rates from the Fed has had a small splash in the housing market, not the “cannonball” effect that some were hoping for.
But things have to change at some point. And if there’s enthusiasm for the future, that’s how it starts…
Source: Strong, S. (2024, October 15). 9 Takeaways From the Master-Planned Community Conference Future Place.
