, Columnist
Housing Market Can Look Forward to a More Boring 2022
The pandemic tormented homebuyers and builders with blistering demand, soaring prices, supply shortages, and then a slump. Next year those bumps should smooth out.
Cooling market, but still exceptionally strong.
Source: Bloomberg
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After a year of soaring home prices and problems getting essential materials such as lumber, buyers and builders took a moment earlier this year to catch their breath and reassess the state of the housing market.
That gave us a few months of declines in new home sales and building permits, rising inventories of existing homes, and an end to historically high prices in lumber.