Home Renovation Grows as Housing Prices Moderate

The video discusses the current trends in the housing market, highlighting the slow growth in single-family home construction due to high land and labor costs. It explains how multifamily construction is driving housing starts and the impact of high lot prices on builders. The video also covers the moderation of new home price appreciation and the resulting affordability issues. It explores how increased home equity has led to more consumer spending on home improvements. Finally, it compares the trends in existing and new home prices, noting the unsustainable gap between them.

In what ways has home equity influenced consumer spending on home improvements?

What is the significance of the gap between new home prices and existing home prices?