By Charles C. Shinn Jr., PhD
Builder Partnerships Founder and President
The U.S. housing industry has bounced back from the COVID-19 virus shutdown with a very strong "V" recovery. The current historically record low interest rates with a 30-year fixed rate mortgage below 3.0% has fueled the housing industry with very strong home construction. New and existing home sales with housing inventories available for sale are extremely low.
Since April, total housing starts are up over 60% with the single-family activity registering almost a 40% increase in three months.