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Housing Market Dynamics and Innovations
This chapter analyzes projected growth in new home sales and broker volumes, emphasizing the 'lock-in effect' on existing inventory and the impact of regional inventory increases. It discusses current technological trends in single-family home construction, the challenges facing manufactured housing, and the ongoing affordability crisis affecting potential buyers and renters. Additionally, the chapter highlights the implications of recent disasters on housing markets, insurance issues, and the need for policy adjustments to stimulate development.