Housing Starts Accelerate to Fill Severe Shortage of Homes

04/16/2021

Yesterday, Freddie Mac reported a 3.8 million unit shortfall in single-family homes, 52% higher than Freddie’s assessment in 2018. The supply/demand imbalance is pushing home prices higher, which disproportionally affects first-time buyers. Compounding the problem is a sharp rise in materials prices. According to Business Insider, the cost of lumber has soared over +250% in the past 12 months and nearly +350% from the pandemic low point last March.

Download the full article

Read more Economic Commentary

Learn More From HilltopSecurities

More Aggressive Virus Approach Could Weigh on Q1 GDP

2021 Q2 Economic Recap and Rate Outlook

Thank you for visiting the HilltopSecurities website.
For best viewing experience, we recommend using Chrome, Firefox, Safari, or Microsoft Edge.