Builders identify forces shaping housing demand, industry health
A recent NAHB/Wells Fargo HMI survey showed that home builders expect a mix of demographic, economic and technological forces to exert a significant, long-term influence on the industry over the next 10 years. Builders identified several forces that are expected to have a strong or somewhat positive impact on the industry; aging housing stock, work-from-home trends, modular and panelized construction, as well as artificial intelligence.
However, the five forces builders viewed as strong or somewhat negative risks to the industry include government debt levels, declining fertility and marriage rates, energy costs and a long-term inflation outlook.
