New data from the National Home Builders Association shows some optimism in the housing market. But Realtors in markets from Seattle to Miami say the picture on the ground is complicated.
A year after the Eaton Fire destroyed thousands of homes in Los Angeles County, people are still rebuilding — and searching for contractors to do the job.
Brian van der Brug/Los Angeles Times via Getty Images
Elevated interest rates, tariffs, and labor shortages due to President Donald Trump’s immigration crackdown have left many would-be buyers on the sidelines.
The Texas suburbs have been a major driver of home building, but new housing construction in the state has slowed and single-family housing permits are down 8%.
A Realtor.com report finds that both the price and square footage of newly built homes are decreasing in about a quarter of the 100 largest metropolitan areas.