Dani Lynn RobisonWealth Activator | Real Estate Investor & Speaker | Helping People Create Wealth With Simplicity, Trust & Impact

What is The Future of New Construction? 🏗️ #newconstruction #realestate #thefreedomshow

25 Mar 2024

Watch on YouTube

A March 2024 YouTube monologue about the U.S. housing outlook focused on new construction and rental markets. The speaker reports that 480,000 new housing units are expected to become available in 2024, but supply shortages and rising house prices—despite falling interest rates and inflation—keep housing unaffordable for many. Continued rental demand and limited rental supply allow landlords to keep raising rents while new construction ramps up slowly.

New construction is going to hit its peak in 2024. 480,000 new units are going to becoming available. So they're talking about housing supply and the fact that there's a shortage of the housing supply and limited availability, and the fact that house prices are still rising. So interest rates are going down and inflation's going down. House prices are still going up. So it's still unaffordable for a certain segment of the market. So they're still looking to rent, and the housing supply and the rental supply isn't there. So new construction of ramping up to this and those 480,000 units that are going to become available, it's going to take a little bit of time. So all of us landlords are still able to increase our rents because of that housing supply. So I thought that was really interesting.