In 2025, new construction is expected to help alleviate the housing shortage, with around 1.1 million new homes planned, an increase of 13.8% from the previous year.
Builders are focused on making homes more affordable for first-time buyers, emphasizing smaller homes which have been insufficiently constructed in recent years, improving access to housing.
The housing market's health hinges on policy decisions; beneficial regulations could promote growth in construction, while adverse policies might hinder it, affecting availability and costs.
While the housing forecast seems optimistic, uncertainties tied to the incoming administration's policies could complicate material and labor costs, affecting overall market dynamics.
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