As someone who keeps a close eye on our local and national trends, I’ve noticed that new home construction is experiencing a real slowdown—permits are now 19.4% below pre-pandemic levels, and this decline has continued for 44 months straight. Builders are facing tough challenges, from high costs and rising mortgage rates to ongoing affordability concerns. All of this adds up to a significant 4.7 million housing unit deficit across the U.S. If you’re navigating the La Crescenta real estate market, understanding these broader shifts is essential. My goal is always to help you make informed decisions at every step of your journey.
Continue to full article
Leave a Reply