"Looking back at 2024, housing completions appear to be a bright spot for builders, with an estimated 1.628 million housing units completed, marking a 12.4% increase from 2023."
"Despite the uptick in completions, housing starts and permits are down, showcasing the ongoing challenges in the homebuilding sector even as homes are completed."
"The single-family starts and permits rose slightly, indicating some positive movement in a generally declining trend of housing activity and inventory issues."
"Cautiously optimistic builders are facing an inventory shortage exacerbated by homeowners unwilling to sell their homes amid high mortgage rates, impacting the housing market."
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