Economists' Outlook

Housing stats and analysis from NAR's research experts.
The coronavirus pandemic period has shown that workers can work at home productively given the state of technology that enables workers to access their work files from anywhere, collaborate, and stay connected. This means that working from home or remotely is likely to become part of the workforce culture.
New construction for both single-family and multifamily units ramped up sizably in July, up 23% from one year ago, and almost matching pre-pandemic activity in the first quarter. Such growth is needed to steadily relieve the housing shortage. This kind of growth is also a major contributor to local economic recovery.

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About Economists' Outlook

Visit this blog daily to see what NAR experts are saying about the economy, the housing market, and other factors that will impact your business.