In cities with robust population growth, such an adjustment could manifest within the form of a chronic stagnation in nominal purchase costs and a price correction in real terms—i.e., adjusted for inflation. But as real estate markets not often pattern sideways, this isn’t the most likely end result. Each of those indicators tells a slightly totally different story in regards to the health of the homebuilding business. For example, it will take a toll on residence sales if house sales have been regular, however housing starts have been to say no. Many consumers might not want to wait longer than a 12 months for a home to be built. Slower housing starts might also mean that there’s a scarcity of lumber, concrete, or construction staff.
- Far East and Sekisui plan to build two 27-story blocks of 330 models on the 10,395-square-meter website within the prime Bukit Timah residential enclave.