Recent market reports predict that Birmingham homebuyers will be dealing with a seller’s market for the majority of 2024, as they did in 2023. By mortgage site Rocket Homes’ definition, this means prices tend to be higher and homes sell faster, as the Lede previously reported.

In response to these market conditions, 2023 homebuilding permits boomed in the metro. The five biggest homebuilders in the area (ranked by number of projects), all had at least double the amount of permits they had in 2022, according to permit database Southern Exposure Information.