Real estate's May report card

Guest perspective: Builders face record unsold inventory

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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.