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Hammering down housing costs one permit at a time The chicken or the egg. The straw that stirs the soup. However you want to refer to new construction — the industry that provides the shiny and the new — it’s now in full bore, influencing affordability in many areas, with the South seeing the biggest benefits, according the Real Estate News’ Dave Gallagher. Heading into the spring homebuying season, questions continue to swirl. Will the Fed cut interest rates? Will economic policies drive up inflation? And have buyers already given up? The new homes industry can offer a few clues at a local level. So look there first. Gallagher reports that a new study by First American Title found significant differences in home price appreciation depending on how many building permits were issued in a given metro. “Generally speaking, metro areas in the South have higher-than-average new home construction activity and are seeing affordability improve, while the Northeast and Midwest are seeing less construction — and higher home prices,” he says. The knockout combination punch will be slowing home price growth along with more inventory as a result of increased construction, getting buyers off the sidelines this spring. Reach out for more! RealEstatenews, TBWS

All information furnished has been forwarded to you and is provided by thetbwsgroup only for informational purposes. Forecasting shall be considered as events which may be expected but not guaranteed. Neither the forwarding party and/or company nor thetbwsgroup assume any responsibility to any person who relies on information or forecasting contained in this report and disclaims all liability in respect to decisions or actions, or lack thereof based on any or all of the contents of this report.

Clark Aliano

Branch Manager / Certified Mortgage Advisor

NMLS: NMLS ID: 252422

The Aliano Group at C2 Financial Corporation

2447 Pacific Coast Hwy, Ste 200, Hermosa Beach CA 90254

Company NMLS: 135622

Office: 800-363-5600

Cell: 310-430-0486

Email: Clark@TheAlianoGroup.com

Web: https://www.TheAlianoGroup.com