🚗 🚙 Turn your trusty old car into trustworthy journalism Learn more

With existing home inventory low, there are economic incentives to build more

Jul 21, 2023
But one economist warns it’ll “take decades of building, not just one good year, for the market to come back into a healthy place.”
The number of permits to build new single-family homes rose in June to the highest it's been in 12 months, according to federal data released this week.
Justin Sullivan/Getty Images

The housing market is finally starting to cool off

Jun 16, 2022
Mortgage rates are up. Realtors are being laid off.
High mortgage rates means reduces the pool of potential homebuyers. Fewer buyers could mean houses are on the market longer, which could prompt sellers to reduce prices.
Chris Delmas/AFP via Getty Images

Although housing starts slid in January, more building is coming

Feb 17, 2022
As that omicron wanes and weather warms, analysts expect building to pick up. That doesn't mean it'll make a dent in the housing shortage.
Getty Images

Home building remains stuck in the mud

Apr 19, 2019
Last month's flooding did not help matters.
Construction workers are seen outside a new house being built in Monterey Park, California on March 19, 2019. - The Los Angeles metro area is one of the worst areas in the country for first-time home buyers, according to a study released by Bankrate.com, which analyzed the 50 largest metropolitan areas in the country with Los Angeles finishing behind San Francisco as the worst for first-time home buyers.