EPISODE · Aug 19, 2023 · 1H 18M
Housing Demand, Homebuilders, and the Multifamily Market
from The Gray Report Podcast · host Spencer Gray
Berkshire Hathaway's recent investment in homebuilding companies is a sound endorsement of the housing sector and continued strong demand for homes, and Warren Buffet's new focus is supported by decreasing building material costs and increased permitting and starts for single family home projects, indicating continued interest in purchasing a home, even as mortgage rates make home ownership more costly. Housing demand is highly correlated, and these signs of increased demand in the single family home space point to improved future performance in the multifamily market and a clear end of the current cooling period for the apartment market by 2024. Sources discussed in this episode: The Wall Street Journal: “Berkshire Hathaway’s Latest Bet: Homebuilder Stocks” - https://www.wsj.com/articles/berkshire-hathaways-latest-bet-homebuilder-stocks-9ef1478a John Burns Real Estate Consulting: “How Long Will Home Builder Euphoria Last?” https://jbrec.com/insights/how-long-will-home-builder-euphoria-last/ RealPage: “How Far is Each Market Past Peak Apartment Construction?” https://www.realpage.com/analytics/markets-past-peak-construction/ The New York Times: “Why This Company’s Financial Crisis Threatens China’s Economy” - https://www.nytimes.com/2023/08/15/business/country-garden-china-property.html For the latest multifamily news from across the internet, visit the Gray Report website: https://www.grayreport.com/ Sign up for our free multifamily newsletter here: https://www.graycapitalllc.com/newsletter DISCLAIMERS: This podcast does not constitute professional financial advice and is for educational/entertainment purposes only. This podcast is not an offer to invest.
What this episode covers
Berkshire Hathaway's recent investment in homebuilding companies is a sound endorsement of the housing sector and continued strong demand for homes, and Warren Buffet's new focus is supported by decreasing building material costs and increased permitting and starts for single family home projects, indicating continued interest in purchasing a home, even as mortgage rates make home ownership more costly. Housing demand is highly correlated, and these signs of increased demand in the single family home space point to improved future performance in the multifamily market and a clear end of the current cooling period for the apartment market by 2024. Sources discussed in this episode: The Wall Street Journal: “Berkshire Hathaway’s Latest Bet: Homebuilder Stocks” - https://www.wsj.com/articles/berkshire-hathaways-latest-bet-homebuilder-stocks-9ef1478a John Burns Real Estate Consulting: “How Long Will Home Builder Euphoria Last?” https://jbrec.com/insights/how-long-will-home-builder-euphoria-last/ RealPage: “How Far is Each Market Past Peak Apartment Construction?” https://www.realpage.com/analytics/markets-past-peak-construction/ The New York Times: “Why This Company’s Financial Crisis Threatens China’s Economy” - https://www.nytimes.com/2023/08/15/business/country-garden-china-property.html For the latest multifamily news from across the internet, visit the Gray Report website: https://www.grayreport.com/ Sign up for our free multifamily newsletter here: https://www.graycapitalllc.com/newsletter DISCLAIMERS: This podcast does not constitute professional financial advice and is for educational/entertainment purposes only. This podcast is not an offer to invest.
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Housing Demand, Homebuilders, and the Multifamily Market
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