Items Tagged with 'housing inventory'

ARTICLES

  • Opioid crisis now threatens housing supply

    Could be holding back labor-force participation
    Housing shortages continue to hold back home sales, keep Millennials from entering the housing market and even decrease affordability. Many different factors explain the lack of new homes coming on to the market, but the latest challenge could be the ongoing opioid crisis.
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  • Improving economy can’t push home sales higher

    Pending home sales see third consecutive annual decline
    Pending home sales decreased annually in March, and are showing no signs of improvement as housing inventory fails to keep up with homebuyer demand. NAR explained healthy economic conditions are creating considerable demand for purchasing a home, but not all buyers are able to sign contracts because of the lack of choices in inventory.
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  • Trump tax cuts fail to provide boost to nation’s GDP

    Low GDP reflects current “housing crisis”
    Gross domestic product was a disappointment, shrinking in the first quarter despite the recent tax cuts passed at the end of 2017. One expert explained that the current slowdown reflects an ongoing housing crisis, and what can be done to reverse it.
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  • Existing home sales increase for second consecutive month

    But continue to lag behind last year’s levels
    Existing home sales increased in March for the second consecutive month, however as inventory shortages persist, home sales continue to fall below last year’s levels. One expert explained it’s hard to sell homes in large numbers when there’s so few available to buy, and that raises the question of whether the market has reached or surpassed its peak sales volume given current conditions.
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