Homeowners and renters are struggling with the high housing costs in 2024. The US home price index is now 47 percent higher than in early 2020, pushing the median sales price to about five times the median household income.
Projections indicate the market will reach US$ 655.6 million by 2032, demonstrating an expected compound annual growth rate (CAGR) of 15.5% from 2023 to 2032.
The National Association of Realtors is a trade association representing members involved in residential and commercial real estate. According to their data, existing home sales receded in April in all four major U.S. regions on a month-to-month basis.
The Fenestration and Glazing Industry Alliance released the 2024/2025 study of the U.S. Market for windows, doors, and skylights. This bi-annual report delivers information on residential and non-residential market trends.
Wood Products Manufacturers Association released this economic report data in early March. The key points suggest that inflation will be a hindrance that will not go away anytime soon.
Sales of new single‐family houses in December 2023 were at a seasonally adjusted annual rate of 664,000, which is 8.0 percent above the revised November rate of 615,000 and is 4.4 percent above the December 2022 estimate of 636,000.