Zoning regulations and other housing restrictions have limited the degree to which new construction can relieve pressure on housing supply in many areas, exacerbating the issue. All told, the housing supply gap reached nearly 4 million homes in 2024. Young households have been hit the hardest by the housing shortage as purchasing a home on a typical early-mid career salary has become increasingly infeasible.| Realtor.com Economic Research
A new NAHB study shows that, on average, regulations imposed by government at all levels account for $93,870 of the final price of a new single-family home built for sale. Of the $93,870, $41,330 is due to a higher price for the finished lot, attributable to regulations imposed during the lot's development. The remaining $52,540…| Eye On Housing
Although shortages are not quite as widespread as they were in 2021, obtaining lots remains a challenge for many builders, according to recent results from the NAHB/Wells Fargo Housing Market Index (HMI) survey. In special questions on the May 2025 HMI survey, 38% of single-family builders characterized the supply of lots as low, and another…| Eye On Housing
NAHB’s group of esteemed economists provides in-depth analysis of the most significant issues and latest trends driving the housing industry and the overall economy.| www.nahb.org
With home building volumes lower, labor shortages have eased considerably since record levels set in 2021 but remain relatively widespread in a historic context, according to results from the latest NAHB/Well Fargo Housing Market Index (HMI) survey. The February 2024 HMI survey asked builders about shortages in 16 specific trades. The percentage of builders reporting| Eye On Housing | National Association of Home Builders Discusses Economics an...
