We’re seeing a notable shift in the U.S. single-family construction landscape—housing starts dropped 9.9% from June and are down 15.7% compared to last year, with total starts off by 12.4%. The decline hit every region, especially the Northeast. Yet, there’s a silver lining: building permits are up 5%. This uptick points to underlying demand, even with higher mortgage rates and construction costs putting pressure on the market.
For anyone considering building or investing in Central Ohio, this is a critical moment to watch the numbers—and understand what’s driving them locally. My focus on both new construction and resale means I keep a close eye on these trends, helping clients identify opportunities amid the volatility. As always, transparency and a clear strategy are key to making informed decisions in a changing market.
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