Schedule Details:
Length | 63 Hours (Over 2 Weeks)
Delivery | In-Person
Location | 7009 Dr Phillips Blvd #110 Orlando, FL 32819 United States
Dates | Dec 2 - Dec 13, 2024
Times | 5pm - 10pm EST
Frequency | Monday - Friday (Weekdays)
$495
Strong Housing Market Indicated by Soaring Housing Starts and Permits in October
The housing market saw a remarkable increase in housing starts and permits in October, pointing to a positive industry trend. This surge suggests a growing demand among Americans for homeownership, prompting builders to respond by ramping up their construction efforts. However, builder confidence has been somewhat dampened by elevated mortgage rates. The housing market's performance varied across different regions in the United States, highlighting the diverse nature of the housing market and the various factors influencing construction trends.
Unwavering New Listings Data Amid 8% Mortgage Rates
The housing market has shown remarkable resilience in the face of rising mortgage rates. Despite rates reaching 8%, new listings data remains steady, indicating a healthy supply of homes for sale. This stability is a positive sign for both buyers and sellers, demonstrating the strength of the housing market. Despite the increase in mortgage rates, sellers in the housing market have maintained their confidence. This confidence is reflected in the steady new listing data, as sellers continue to list their properties without hesitation. It indicates that sellers believe there is still strong demand from buyers and that the potential financial impact of higher mortgage rates does not outweigh the benefits of selling their homes.