It’s no secret that inadequate inventories have been stunting the housing recovery. Through November, total housing inventory has fallen year-over-year for 18 straight months and supplies are now 11.4 percent lower than they were two years ago.
- Inadequate inventories have been stunting the housing recovery, even as economic recovery means more people can buy.
- With new homes selling like hotcakes, builders can’t do much better due to ever-increasing local land use and environmental restrictions and skilled labor shortages.
- Next year we will see many of single-family rental properties return home to the owner-occupant marketplace in earnest.