{"id":59658,"date":"2025-04-12T03:05:09","date_gmt":"2025-04-12T01:05:09","guid":{"rendered":"https:\/\/housesmarketplace.com\/inside-the-2025-housing-market-inventory-growth-affordability-pressure-and-what-comes-next\/"},"modified":"2025-04-12T03:05:09","modified_gmt":"2025-04-12T01:05:09","slug":"inside-the-2025-housing-market-inventory-growth-affordability-pressure-and-what-comes-next","status":"publish","type":"post","link":"https:\/\/housesmarketplace.trio-tv.com\/ru\/inside-the-2025-housing-market-inventory-growth-affordability-pressure-and-what-comes-next\/","title":{"rendered":"\u0412\u0437\u0433\u043b\u044f\u0434 \u0438\u0437\u043d\u0443\u0442\u0440\u0438 \u043d\u0430 \u0440\u044b\u043d\u043e\u043a \u0436\u0438\u043b\u044c\u044f \u0432 2025 \u0433\u043e\u0434\u0443: \u0440\u043e\u0441\u0442 \u0437\u0430\u043f\u0430\u0441\u043e\u0432, \u0434\u0430\u0432\u043b\u0435\u043d\u0438\u0435 \u0434\u043e\u0441\u0442\u0443\u043f\u043d\u043e\u0441\u0442\u0438 \u0438 \u0447\u0442\u043e \u0431\u0443\u0434\u0435\u0442 \u0434\u0430\u043b\u044c\u0448\u0435"},"content":{"rendered":"
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In an exclusive HousingWire virtual event<\/a>, HousingWire President Diego Sanchez led a powerhouse discussion with three of the most respected voices in housing: Ivy Zelman, Logan Mohtashami, and Dale Wettlaufer. The panel dissected the housing market\u2019s<\/a> current state \u2014 marked by rising inventory, affordability<\/a> challenges, elevated mortgage rates<\/a>, and investor uncertainty \u2014 and what it all means for the rest of 2025 and beyond.<\/a><\/p>\n

Inventory is rising \u2014 but not everywhere<\/strong><\/h2>\n

Ivy Zelman noted, while affordability remains stretched, a surprising development has been the slow but steady rise in existing home inventory.<\/p>\n

\u00a0\u201cIf you go into certain parts of the country, inventories like in the state of Florida and in Texas are up probably roughly 50% relative to where they were pre-COVID.\u201d<\/strong> <\/p>\n

\u2014[06:45]<\/p>\n

Logan Mohtashami added that despite mortgage rates hovering above 6.65% for much of the year, purchase applications and pending home sales have shown unexpected strength.<\/p>\n

\u00a0\u201cIf someone told me rates would stay this high and we\u2019d have positive purchase application data year over year\u2026I would have not taken that bet.\u201d<\/strong> <\/p>\n

\u2014[13:50]<\/p>\n<\/p>\n

Builders are feeling the pressure<\/strong><\/h2>\n

While homebuilders have benefited from limited resale inventory over the last few years, the panel agreed that the dynamic is shifting. Ivy Zelman added that due to margins, builder availability to by down rates may start to fade. <\/p>\n

\u00a0\u201cGross margins are now sub-20% for many builders.\u201d <\/strong><\/p>\n

\u2014[06:07]<\/p>\n

Dale Wettlaufer echoed that rising costs \u2014 especially land and development expenses from years past \u2014 are just now hitting builder balance sheets.<\/p>\n

\u00a0\u201cToday\u2019s COGS for long lead-time builders reflect development costs from four years ago.\u201d<\/strong> \u2014 [09:58]<\/p>\n

Broader market trends<\/strong>:<\/p>\n