Despite positive improvements in the labor market in recent years, new home construction is currently insufficient in a majority of metro areas and is contributing to persistent housing shortages and
unhealthy price growth in many markets, according to new research from the National Association of REALTORS ®.
Despite job growth in recent years, new home construction is too low in most metro areas, feeding housing shortages and
unhealthy price growth.
The findings revealed that homebuilding activity is currently insufficient in a majority of metro areas and is contributing to the ongoing housing shortages and
unhealthy price growth in many markets.
Not exact matches
«While
price growth still teetered near or above
unhealthy levels in some markets, the good news is that there was some moderation despite the stronger pace of sales.»
«The good news for the housing market is that
price appreciation the last two months has started to moderate from the
unhealthier rate of
growth seen earlier this year.»
«While this is not a new discovery, supply and demand imbalances and
unhealthy levels of
price growth in several metro areas have made buying an affordable home an onerous task for far too many first - time buyers and middle - class families.»