Newsletter – March 2018
Home Prices, Housing Starts, Interest Rates Up – Delinquencies Down
In January, we talked about some predictions for the 2018 housing market. While it’s only March, one of those predictions has already proven to be accurate:
The uptick in new home construction.
“My biggest prediction for housing in 2018 is that inventory will remain low and builders will focus on building more entry-level housing options,” said Allison Bethell, real estate investment analyst at FitSmallBusiness.com, back in December.
“People have been priced out of renting and purchasing, so builders will try to fill that void through townhomes, condos and single-family communities that offer affordability, value and are environmentally conscious.”
Housing starts jumped 9.7% in the first month of 2018, to the highest level since October 2016, according to USA Today, and building permits for January hit their highest level since 2007.