Housing sector decline: households put off 20 billion investments due to low sales in 2023 – Sectors – Economy

Housing sector decline: households put off 20 billion investments due to low sales in 2023 – Sectors – Economy

2023 was not a good year for new housing. According to the urban coordination of the Colombian Chamber of Construction (Camacol), only 130,851 units were sold. This means that during the last year Construction companies sold 106,554 less houses The decline in one year compared to what was recorded in 2022 is 44.9 percent. This … Read more

Boomers in America don’t want to leave their homes, and that’s a problem for young families

Boomers in America don’t want to leave their homes, and that’s a problem for young families

(CNN) — Buying a family-sized home with three or more bedrooms used to be possible for young people with children. But with home prices rising faster than wages, mortgage rates still near 23-year highs, and a nationwide housing shortage, many Millennials with children can’t afford it. What about Generation Z adults with children? even harder. … Read more