This week during our Outlook Webinar: COVID-19 Update – The Housing Market, Senior Managing Principal, Tim Sullivan, and Chief Economist, Ali Wolf, provide real-time updates on how the coronavirus pandemic continues to impact our economy and the residential construction industry.
States continue to relax containment measures with mix results; States early to reopen, Texas and Arizona, had all time-high hospitalization rates due to COVID-19
The mortgage industry continues to grow despite COVID-19 – noteworthily, mortgage applications are up 13% YOY
Unemployment continues to decline with ~20M Americans still unemployed
Builders are experiencing an increase in market share as may listings grew MOM in some markets and 30% of Builders saw a slight increase in net contract volume
39% of people in urban areas indicate they are open to moving to less dense place due to COVID-19