---
title: "NPLA Meeting Recap: JBREC Mid-Year Housing Market Update"
id: "2484"
type: "post"
slug: "npla-meeting-recap-jbrec-mid-year-housing-market-update"
published_at: "2024-08-02T20:15:35+00:00"
modified_at: "2025-03-04T21:47:15+00:00"
url: "https://godocs.com/npla-meeting-recap-jbrec-mid-year-housing-market-update/"
markdown_url: "https://godocs.com/npla-meeting-recap-jbrec-mid-year-housing-market-update.md"
excerpt: "During the latest NPLA meeting, Devyn Bachman, the COO of John Burns Research & Consulting (JBREC), provided a mid-year market update. Bachman’s talk touched on aspects of the economy focusing on trends in job growth, inflation, and the housing industry...."
taxonomy_category:
  - "Private Lending"
---

# NPLA Meeting Recap: JBREC Mid-Year Housing Market Update

- by
- [GoDocs](https://godocs.com/author/katy-lack/)
- | August 2, 2024

- Topics: [Private Lending](https://godocs.com/category/private-lending/)

During the latest [NPLA](https://nplaonline.com/)
 meeting, [Devyn Bachman](https://www.linkedin.com/in/devyn-bachman-09820034/)
, the COO of [John Burns Research & Consulting (JBREC)](https://jbrec.com/)
, provided a mid-year market update. Bachman’s talk touched on aspects of the economy focusing on trends in job growth, inflation, and the housing industry.

#### Economy

The Federal Reserve is currently maintaining interest rates at a steady level to prevent an economic downturn. This strategy aims to ensure a “soft landing.”

Recent data suggests a slowdown of the job market. While immigration has driven growth, JBREC anticipates a decrease in immigration and employment expansion. This shift is predicted to have a positive influence on the economy.

Currently we are seeing the lowest year-over-year Consumer Price Index (CPI) growth rate since March 2021. Housing plays a major role in inflation; however, there has been a decline in the owner’s equivalent rent, which could lead to an overall decrease in inflation in the coming months.

#### Housing Market

In the real estate market, existing and new homes inventory has risen. Despite this inventory increase, prices have increased by 5% year-over-year, with new construction outperforming resale properties.

The rental market has exceeded expectations and successfully absorbed some of the housing supply. With a growing population and migration trends, people are opting to rent instead of buy. Renting is often viewed as the more cost-effective option in many markets.

To read the full mid-year update, visit NPLA.

[Check Out the Full Article](https://nplaonline.com/npla-meeting-recap-jbrec-mid-year-housing-market-update/)

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