Housing Market: NAHB’s Robert Dietz Talks Housing Demand, New Builds, Rental Markets (Audio)

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Manage episode 273480030 series 2391819
By Kathy Fettke and Kathy Fettke - Real Wealth Network. Discovered by Player FM and our community — copyright is owned by the publisher, not Player FM, and audio is streamed directly from their servers. Hit the Subscribe button to track updates in Player FM, or paste the feed URL into other podcast apps.
The housing market is red hot. The national median home price rose 13% year-over-year in September. Active listings fell 28% to an all-time low. Sales of new U.S. homes accelerated by 4.8% in August, to an annual rate of one-million units. That’s the highest since 2006. New home inventory fell to a 3.3 months of supply lowest level on records that go back to 1963. Will this home buying frenzy last? Or maybe we’re in a new kind of COVID-influenced bubble? Who better to give us an update on the new home market than Robert D. Dietz, Ph.D. He’s the chief economist for the National Association of Home Builders, with a focus on housing and economic trends, the home building industry, survey research, and policy analysis. www.RealWealthShow.com

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