Can New Zealand's Upzoning Success Provide A Blueprint To Surging US Home Prices?
Portfolio Pulse from AJ Fabino
The US housing market could learn from New Zealand's upzoning reforms to address the affordable housing crisis. New Zealand's laws allowing denser housing options resulted in a tripling of housing capacity and slowed rising housing costs. The US, grappling with restrictive zoning laws, has seen a 43.3% surge in home prices from March 2020 to June 2022. Goldman Sachs predicts a 4.5% rise above the 2022 peak by 2026. Construction companies like D.R. Horton, Lennar Corp, and PulteGroup could see a shift in building demand as more cities adopt or resist upzoning policies.
August 09, 2023 | 3:02 pm
News sentiment analysis
Sort by:
Ascending
NEUTRAL IMPACT
D.R. Horton could see a shift in building demand as more US cities adopt or resist upzoning policies.
As a major construction company, D.R. Horton's business could be significantly impacted by changes in zoning laws and housing demand.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 70
NEUTRAL IMPACT
Goldman Sachs predicts a 4.5% rise in US home prices above the 2022 peak by 2026.
The prediction by Goldman Sachs of a 4.5% rise in US home prices by 2026 indicates a continued growth in the housing market, which could impact the company's investment strategies and financial services.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50
NEUTRAL IMPACT
Lennar Corp could see a shift in building demand as more US cities adopt or resist upzoning policies.
As a major construction company, Lennar Corp's business could be significantly impacted by changes in zoning laws and housing demand.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 70
NEUTRAL IMPACT
PulteGroup could see a shift in building demand as more US cities adopt or resist upzoning policies.
As a major construction company, PulteGroup's business could be significantly impacted by changes in zoning laws and housing demand.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 70