01-08-2021 Housing News

Posted

The Democrats sweep of Georgia Senate added to expectations of further stimulus packages which could result in rising mortgage rates.

Construction spending increased strongly in November, especially residential spending, boosted by a robust housing market and historically low mortgage rates.

The number of U.S. households is projected to grow by up to 12 million by 2028. Generation X and Millenials are projected to be the impetus behind the growth.

The pandemic is influencing home design in ways that are likely to continue for years to come. Trends include upgrading technology and using rooms for multi-purposes.