In 2023, high rates led to a drop in existing home sales while new home sales remained stable. In 2024, single-family builders started strong, with larger builders outperforming smaller ones. New construction markets are thriving in areas like Cincinnati, Columbus, Texas, Southern California, and Philadelphia. Despite increased inventory, Florida builders are performing well due to new homes' lower insurance costs. Public builders are gaining market share and the outlook for homebuilding is positive.