Shopping for a new home.

Housing market trends are shaping up in favor of a solid 2024 for U.S. homebuilders — as long as mortgage rates don’t jump back to the highs they hit late last year.

Homebuilders have pumped the brakes on new single-family home construction this year, a trend that’s likely to extend into 2023, according to several forecasts.

Homebuilder stocks have outpaced the broader market this year, and analysts are bullish on the prospects for more gains in 2022, despite expectations of continued supply chain woes.