Our new Marketplace Crash Course is here to help. Sign-up for free, learn at your own pace.
That's because apartment developers have a lot more incentives to keep building right now.
This could be another indicator that things are cooling down, but home prices are still at record highs.
Home prices are at record levels, and mortgage rates are much higher now than they were six months ago.
Rents are up, providing builders an incentive.
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.
Jerry Howard, CEO of the National Association of Home Builders, discusses the challenges facing his industry.
Contractors are finding ways to work around supply chain delays, but projects are taking longer.
Shortages of building materials vary by state, so more new homes are being built in some regions than others.
Homebuilders are passing the costs of delays on to consumers because demand for houses is so high.