Houtan HormozianExpert on Real Estate, Finance and PropTech

CRESTICO - Quick Market Insights - 01202025

20 Jan 2025 · 1 min

Watch on YouTube

0:30

In this brief market commentary, the speaker highlights several recent U.S. economic data points. December inflation came in lower than expected, fueling speculation that the Federal Reserve may cut rates. Retail sales showed solid growth, while jobless claims remained healthy despite a slight uptick. Housing data revealed that only 9% of new homes in 2023 were under 1,400 square feet, a sharp decline from 40% in 1982, indicating a shift toward larger homes. Builder sentiment has improved, though concerns persist about tariffs and rising construction costs. Mortgage demand rose 7%, but high home prices continue to pressure affordability.

Inflation in December was lower than expected, supporting speculation of Fed rate cuts. Retail sales showed solid growth, and jobless claims remained healthy despite a slight increase. In 2023, only 9% of new U.S. homes were under 1,400 square feet, down from 40% in 1982. Builder sentiment rose, but concerns over tariffs and costs remain. Mortgage demand increased 7%, though high prices continue to challenge affordability.