Housing Market News: February 2024

Zonda is a go-to resource for new home construction forecasts and data. From the New York Times to ABC12, Inman, the Associated Press, and more, media outlets turned to Zonda for expertise and leadership throughout February. Coverage included a nuanced perspective on housing trends, including:

• The home size changes buyers are willing to accept given today’s affordability crunch
• A notable drop in median home prices below $300K for the first time since 2022
• San Antonio emerging as the nation’s most suitably supplied market for home lots
• The strength in new home sales within master-planned communities in 2024
• Legislative efforts in Colorado aimed to stimulate condo development by addressing construction errors

Zonda’s notable acquisition of BDX also garnered attention, signaling optimism and bolstering the company’s presence. Ali Wolf shared insights shedding light on challenges and opportunities within the industry. Zonda Education’s collaboration with school districts underscored Zonda’s commitment to understanding demographic shifts and supporting educational initiatives. Additionally, Zonda Urban got coverage on the real estate landscape in Greater Toronto and Hamilton, highlighting market dynamics in multifamily sales. Read through the latest news roundup to learn more.

News Featuring Zonda

• The Great Compression | The New York Times
• Zonda: San Antonio is most adequately supplied market in nation for home lots | San Antonio Business Journal
• Median home prices slip below $300K for first time since 2022 | ABC12 KSAT
• Master planned communities post strong new home sales numbers in 2023 | Housing Wire
• The Topline: A little above average on climate awareness | Minnesota Reformer
• San Antonio realtors event offers mixed housing forecast | Community Impact
• Colorado lawmakers seek to boost condo development by reducing lawsuits over construction errors | Colorado Sun
• Jeff Shore Announces 18th Annual Sales & Marketing Summit: North America’s Premier New Home Sales Leadership Event | Associated Press | Featuring Mollie Carmichael
• John Kahan of MidOcean Partners Joins Zonda as Executive Board Member | Tech Inside Out | Featuring John Kahan
• Tiny Home Communities: An Affordable Housing Solution? Lennar is Betting on Yes | Mr. Mortgage Radio | Featuring Keith Hughes
• Lennar’s tiny-home project in San Antonio sells over 50% of units | The Real Deal | Featuring Keith Hughes
• Focus Real Estate Forum Thursday | Cape Coral Breeze | Featuring Larry Buckner

News Featuring Zonda’s Acquisition of BDX

• Zonda beefs up portal presence with NewHomeSource acquisition | Inman
• Zonda CEO on the New Construction Industry | The Watch List with Nicole Petallides | Featuring Jeff Meyers
• Zonda’s BDX Purchase: Good News For Realtors | Realty Times
• Why Zonda Is Buying BDX | Pulse 2.0
• Zonda buys listings platform for new homes | Housing Wire
• M&A Wrap: Zonda buys Austin-based company | Austin Business Journal

News Featuring Ali Wolf

• Single-Family Starts will Rise in 2024 but Supply-Side Challenges Persist | NAHB
• Show me the money: Navigating the real estate market | ABC27
• Are New Starter Homes Becoming Smaller? | Florida Realtors
• From Surging Layoffs to a Presidential Election: What Will 2024 Bring for the Housing Market? | Realtor.com
• Chart: These 4 major housing markets have ample supply while 26 are ‘undersupplied’ | Fast Company
• Pressure on lot supply eased last year: Zonda | Housing Wire
• Housing Market Remains Unattainable Amid Soaring Prices And Mortgage Rates | Black Enterprise
• AZ DEALMAKERS: Is the Phoenix housing market finally stabilizing? | Rose Law Group

News Featuring Zonda Education

• Demographics report from 4th quarter of 2023 shows growth in Northwest ISD ‘isn’t slowing down’ |Community Impact | Featuring Bob Templeton
• Watch Board Brief from trustees meeting on Feb. 22 | Arlington Independent School District
• Demographic report shows Eanes ISD remains a ‘destination district’ | Community Impact | Featuring Bob Templeton
• Five things to know about Denton ISD’s latest red-hot growth report | KERA News | Featuring Bob Templeton
• Piedmont picks construction firm for proposed projects | Piedmont News

News Featuring Zonda Urban

• Greater Toronto and Hamilton Annual Multi-Family Sales Drop to New Low, Reports Zonda Urban | My Parish News | Featuring Pauline Lierman