Predicted Housing Market 2024. Although a recession is no longer predicted, economic growth is expected to decline from. As it stands now, the bls data show the economy added 2.9 million jobs in the 12 months through march 2024, or an average of 242,000 per month.

While affordability hurdles remain, there are signs of a potential shift. After surges in housing starts in 2021 and 2022, followed by a sharp decline in 2023, in 2024 the direction of housing starts will depend on the sector.