U.S. Housing Market Is Missing 5.2 Million Single-Family Homes
If builders were able to double this year’s increased pace of new home production, it still would take five to six years to close the gap, according to a report from Realtor.com.
If builders were able to double this year’s increased pace of new home production, it still would take five to six years to close the gap, according to a report from Realtor.com.
U.S. home prices gained at a record pace in April as a shortage of available properties boosted competition among buyers.
The U.S. median home price rose by a record pace of 24% in May, compared with a year earlier, as tight inventory sparked bidding wars.