Housing market recovery
  • The housing market is bound for a renaissance in 2024, according to the National Association of Home Builders.
  • Housing construction and demand is showing signs of perking up, CEO Jim Tobin said.
  • "We had some bigger numbers earlier in the late half of 2023, and now we're looking for 2024 to really take off."

The housing market is about to exit its slowdown and take off in a new growth period, according to National Association of Home Builders CEO Jim Tobin.

He expects to see higher demand and construction in 2024 – a turnaround after the last few years were marked by low inventory and anemic activity.