Zillow and Redfin just announced a partnership that will help home builders connect with motivated buyers on either platform. Builders partnering with Zillow will begin to see their new listings syndicated to Redfin in the fourth quarter of 2023.
Mixed data complicates macroeconomic forecasts as the June 2023 Commentary by Fannie Mae calls attention to low inventory, continued strength in the labor market, and the likelihood of recession as the Fed continues its restrictive monetary policy.
A new Zillow report breaks down the affordability crisis in the U.S. showing the gap between household formation and available housing, which currently sits at 4.3 million missing homes.
Data by the National Home Builders Association shows the top 10 markets for new home construction, the majority of which are in the southern U.S.
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