Behind the lot shortage: During the recession, very few developers applied for new lots. Now that the housing market is recovering, the supply of builder-ready lots is rapidly dwindling and it will take years before home builders can get a new supply of lots through the regulatory pipeline, Puget Sound Business Journal reported.
Homebuilders frustrated by lack of lots
Most Popular Articles
Latest Articles
Freedom Mortgage founder addresses ’extraordinary’ credit profiles, profitability and products
Stan Middleman said that mortgage market participants should get used to the concept of ‘higher for longer’ rates