– In October 2023, twelve-month sales will be lower than the bottom point during the financial crisis, says the CEO of Boligprodutenenes Forening, Lars Jacob Hiim, in a press release. At the same time, new housing starts in October this year are 12 per cent lower than at the same time last year. – Affects everyone who needs housing – Unfortunately, we believe that the market for the sale and start of new housing will fall further, says Hiim. He believes this is a consequence of the new interest rate hike expected in December. – The crisis in the new housing market affects everyone who needs housing. The shortfall is large, and it will take time to reverse the trend and bring housing production up to a level that meets the housing need, says Hiim. New housing starts in the last three months are 3,652 housing units, which is 42% below the same period in 2022. Photo: NTB Financing housing construction and the purchase of housing is demanding for developers and home buyers. In addition, Husbanken’s loan funds were used up in October. – It is absolutely crucial that the Housing Bank receives a substantial replenishment of lending funds, and improved tools for home buyers and builders in the ongoing processing of the state budget, Hiim continues.
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Sales of new homes continue to fall – news Norway – Overview of news from various parts of the country
