Inventories of available homes for sale recently hit a new, twenty-year low, and building companies have admitted that they’re hard-pressed to meet new demand from buyers thanks to the rising costs of construction materials such as lumber.
Baby Boomers blamed for housing inventory shortage in new survey
The inventory of homes for sale has fallen to its lowest level in almost twenty years, and now a new survey from Realtor.com suggests is placing the blame for this on baby boomers and homeowners that just don’t want to sell.
NAHB blames labor shortage for rising home prices
Labor shortages in the construction industry are being blamed for home price increases
California residents demand repeal of zoning laws to provide more housing
A number of Californian homeowners and neighborhood groups have filed lawsuits against the state’s major cities, insisting they roll back zoning restrictions in order to facilitate new housing development.
The Fed says inventory shortages are the “new housing crisis”
The acute shortage of homes for sale has been singled out by the Federal Reserve, which says the situation could have a negative impact on the U.S. economy.
Senior housing shortage getting worse
A number of recent studies have highlighted the alarming lack of affordable housing for senior citizens in the U.S.
Low inventory hampers military real estate markets across the U.S.
There’s a strong demand for homes among members of the military, but a new report from ERA Real Estate suggests that many military towns are experiencing a shortage of available properties.
Freddie Mac Predicts Multifamily Home Shortage by 2023
By 2023, there could be up to 4.7 million more renter households due to demographic forces, according to Harvard University’s report, The State of the Nation’s Housing 2014. But the supply of multifamily rental housing will likely be far less than demand.