Exploring the Resilience of the US Housing Market in the First Quarter of 2024
Friday, 5 April 2024, 11:00
US Housing Market Performance in 1Q 2024
New US home construction bounced back sharply in February from weather-related weakness at the start of the year, as builders benefitted from slightly more favourable mortgage rates and a dearth of existing houses for sale.
Key Highlights:
- Residential housing starts increased +10.7% compared to January, reaching a 1.52 million unit annualized pace.
This growth indicates the sector's resilience and potential for investors seeking opportunities in the housing market.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.