(Miss this week’s Leadership Brief? This interview below was delivered to the inbox of Leadership Brief subscribers on Sunday morning, Jan. 10; to receive weekly emails of conversations with the world’s top CEOs and business decisionmakers, click here.)
The housing market is one of the starkest examples of the disparate impacts of the pandemic on America’s citizens. In August, the Aspen Institute released a report that estimated 30 million to 40 million Americans were at risk of eviction in coming months “in the absence of robust and swift intervention.” Yet overall, the housing market is booming as affluent, dual-income households take advantage of historically low interest rates (2.85% for a 30-year fixed-rate loan) and newfound flexibility to work from home—and perhaps move into spacious new homes with easy access to the outdoors.
At Toll Brothers, one of the nation’s largest home builders, demand has been surging since May.