Real estate's May report card

Guest perspective: Builders face record unsold inventory

The “big ticket” consumer purchase industries (housing and automobiles) continue to slow while the rest of the economy picks up steam. Here is what the home-building industry is facing:

  • Rising Competition – The number of people selling homes is increasing and the number of people buying is decreasing.

  • Poor Affordability – Rising prices and interest rates have priced many renters out of home ownership.