Builders Can't Build Houses Fast Enough to Meet Demand: Ivy Zelman

The video discusses the current housing market conditions, highlighting a slight tapering in new home sales and a record low in resale inventory. Builders are buying more land to meet demand, despite rising land and input costs. Geographical shifts show strong markets in the Southeast and Southwest. Economic factors like low interest rates and remote work are driving demand, even amid rising unemployment.

What is one of the main challenges builders face in the current housing market?

• Decreasing land prices

• Inability to build houses fast enough to meet demand

• Excessive inventory in the resale market

• Lack of demand for new homes

How are builders responding to the high demand for housing?

• By focusing only on luxury homes

• By reducing the number of new constructions

• By purchasing more land to increase output

• By lowering home prices

What is the impact of a 25 basis point increase in mortgage rates on an entry-level buyer's monthly payment?

• It doubles the payment

• It has no impact on the payment

• It increases the payment by 3%

• It decreases the payment by 3%

Which regions are experiencing a strong housing market due to migration?

• Northwest and Central

• West Coast and Great Plains

• Southeast and Southwest

• Northeast and Midwest

What is one reason for the 'Great American shuffle' in the housing market?

• Desire for colder climates

• High cost of living in certain areas

• Decrease in remote work opportunities

• Preference for urban living

How has remote work influenced the housing market?

• It has decreased the demand for second homes

• It has allowed people to buy homes further from their workplace

• It has increased the demand for homes in urban centers

• It has led to a decline in home prices

What factor is currently trumping the rise in unemployment in terms of housing demand?

• Decreasing population

• High inflation rates

• Low interest rates

• Increased construction costs