January 18, 2025 - 08:30
Housing starts in the United States surged in December, reaching the fastest pace observed since early 2024. This significant increase in construction activity reflects a renewed confidence in the real estate sector, which has been characterized as "frothy" by industry experts. Bess Freedman, CEO of Brown Harris Stevens, shared insights on the current state of the market during an appearance on "Bloomberg Markets."
Freedman emphasized the implications of this uptick in housing starts, suggesting that it indicates a robust demand for new homes. The rising pace of construction may also help alleviate some of the ongoing housing supply issues that have plagued the market in recent years. As more homes are built, potential buyers may find more options available, which could stabilize prices and enhance affordability.
Overall, the December data signals a positive shift in the real estate landscape, with industry leaders closely monitoring trends that could shape the market in the coming months.
