Current and Future Trends in Residential Construction

At ITR Economics we study a lot of markets: discretionary, nondiscretionary, domestic, foreign, and more. Of all the markets we analyze, few are more important to Americans than the residential housing market.

Now is an especially uncertain time in the housing market, with disparate trends in single-family construction (housing starts up 13.1% year-over-year, but with growth slowing), multi-family construction (starts down 29.4% but recovering), existing homes (sales down 5.2% but recovering), and remodeling (our ITR Remodeling Market Index™ down 8.4% but recovering).

Clients have questions:

• What is driving these trends?
• How will the trends change in the future?
• How does housing market performance vary by state?
• Most importantly, how can my business capitalize on these trends most effectively?

ITR Economics Senior Forecaster Connor Lokar will delve into these issues, leveraging ITR Economics’ proprietary insights such as our ITR Single-Family Housing Starts Leading Indicator as well as forecasting acumen to prepare you for what comes next.

Connor will examine vacancy rate data, regional housing starts data, permitting activity, construction costs, the labor market for construction workers, and more as he analyzes the latest trends. He will also investigate the impact of lower interest rates on the residential construction market, with a focus on housing affordability metrics.

Connor will share his experiences advising construction clients over his more than a decade as an ITR Economics economist. Connor’s insights will enable you to put your best foot forward as you plan for 2025 and beyond.

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