AGP Executive Report
Last update: 12 hours agoHousing Supply Crunch: Savills says Scotland completions fell 13% in 2025 to 17,336 homes as planning constraints and viability pressures stall sites, widening the gap between need and delivery. Mortgage & Builder Mood: U.S. homebuilder sentiment slid in June as mortgage rates and construction costs stayed high, with NAHB/Wells Fargo at 35. Affordability Reality Check: Zillow reports 242 U.S. cities now have “starter homes” costing at least $1 million, up sharply since 2020—pandemic pricing pushed million-dollar entry points into far more markets. Buyer Costs & Equity Risk: A new report alleges Central Appraisal Districts use secret valuation models to overstate home values, potentially distorting property taxes and municipal bond backing. Local Deal Snapshot: In Port St. Lucie, a pool home sold in 39 days for $380,000, signaling demand for move-in-ready properties. Global Capital Watch: Brazilian investors are increasing U.S. real estate buying, driven by a preference for dollar assets and currency protection.
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