Fannie Mae: High Prices, Construction Delays, Low Inventory Will Dog Housing Market Into 2022

U.S. home sales to end 2021 slightly higher than the previous year.

As U.S. home sales are slightly higher, Fannie Mae expects continuing construction delays and low inventory. According to Blue Ridge Now, the multiple economic effects of the coronavirus pandemic will dampen the market well into next year. The National Association of Home Builders (NAHB) says builder sentiment is continuing the cooling seen since hitting a record peak last November, and that segment is now “stable.”

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