Looking Ahead at 2021 Housing Market

With demand up, interest rates near rock bottom, and pricing power robust, the only things standing in the way of builders this year (absent more of the crazy-weird that colored 2020) are costs associated with the big Ls of lumber, land, and labor. But even there the pandemic may have pulled favor, enabling mills to recalibrate pricing with supply and adding tens of millions to the skilled and unskilled labor pools. Perhaps the big question for the year ahead is simply how fast can we build to meet near insatiable demand for single-family housing?

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