In the News: January

Mortgage rates, building material costs, and home prices continue to rise

The spring selling season started early in many housing markets across the country, partly fueled by mortgage rate urgency. Buyers, armed with higher wages and increased savings, are clamoring to purchase available homes but are met with strong competition and rising housing costs. Builders are (and have been) actively trying to bring more homes to the market amid supply chain challenges.

Media outlets have turned to Zonda for their trusted source of housing market information. Read below to learn more about these trending topics.

• Fortune — Home price growth decelerates again…read more
• Quartz — The cost to build new homes rose 15% in 2021…read more
• Fortune — Mortgage rates just spiked the most in 9 years…read more
• Fortune – Buckle up for a brutal spring housing market…read more
• Marketplace — Labor shortage continues despite higher wages…read more
• Wall Street Journal — Supply chain issues leave new homes without garage doors…read more
• Jacksonville Business Journal — Builders and buyers face increasing struggles when it comes to first homes…read more
• Houston Chronicle — Hines partnership buys land for Austin community…read more
• Austin American Statesman — $500 million Southeast Austin project calls for 4,000 homes, condos and apartments…read more
• Phoenix Business Journal — Amid another record-setting price hike, homebuying demand spikes in several Valley cities…read more

Keep an eye out for additional coverage as Zonda’s team continues to track and report on trends in housing.