By AZ Big Media
While interest rates have had a big impact on the demand for new construction, we expect to see growth in our industry in the coming year, especially if rates go down by mid-2024 as predicted. In this scenario, we will see the many people who have remained on the sidelines jump back into the new construction market. This release of pent-up demand should drive a surge in growth among new home builders. In the meantime, while interest rates are high, builders are getting creative, trying to help to find ways to get buyers into new homes.
