Solving the Housing Inventory Shortage

Record low interest rates have spurred a home-buying bonanza, but housing inventory is threatening to disrupt the party. The number of homes on the market in August was down 29.6% over last year, and housing inventory sits at just 1.7 months. What are the factors holding back inventory, and are those likely to change in the next year? We’re bringing Robert Dietz, chief economist of the National Association of Home Builders, and Issi Romen, founder of MetroSight, to talk about the underlying factors holding back inventory and what fixes might help.