Housing demand isn't met in most large metros, Trulia says

Report measures housing supply elasticity in 100 largest US metros over past 20 years
  • Trulia report finds that U.S. homebuilders are slow to keep up with the rising home prices, but have otherwise historically kept pace.
  • Las Vegas has the highest rate of housing supply elasticity of 1.17, which means that housing supply has increased slightly more than prices in the last 20 years.
  • California and New York cities have been slow to keep up with the pace of demand over the past 20 years.

Home prices continue to climb as homebuilding stalls in adding enough supply to the stock. But like most things in real estate, whether or not a city can add enough volume to meet the incoming demand depends on location, location, location.