Real estate and the freight market may seem like two completely unrelated industries, but they are actually closely intertwined. The real estate market continues to serve as a leading indicator for the freight market. This week, Any Vanzant breaks down how the housing market is impacting the current state of freight.When the real estate market is strong, the demand for goods and products also increases. This means that more products need to be transported, and the freight industry sees a surge in activity. Whether it is household items or goods or construction materials needed to build homes, each are transported by the freight industry. When the housing market slows, so too does the freight market as the demand for goods and materials diminishes meaning there are fewer and fewer loads for transport. Current trends and interest rates continue to forecast a struggling housing economy as carriers to look to combat these challenges and keep their operations running smoothly. So the next time you see a “for sale” sign in your neighborhood, know that the sale of that home could be part of an indicator for what the freight market will continue to look like in 2023 and beyond.
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