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December 15, 2022

Analysts see continued slowdown for homebuilders

  • Single-family housing starts are set to fall for the first time in 11 years, with another pullback likely in 2023.
    AP Business Writer

    Image from Toll Brothers [enlarge]
    Toll Brothers recently opened its Grand Vue luxury home development near the revitalized Vancouver waterfront along the Columbia River. Grand Vue consists of 20 homes priced from $1 million.

    LOS ANGELES — Homebuilders have pumped the brakes on new single-family home construction this year, a trend that's likely to extend into 2023, according to several forecasts.

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