The market is suffering from pent-up supply and demand constraints, writes chief economist at CoreLogic Mark Fleming. On the supply side, Fleming finds three main factors contributing to the faltering recovery in housing: shadow inventory that is now more concentrated in states where courts process foreclosures, an interest rate lockout that deprives homeowners of the incentive to sell, and the high share of mortgaged homes without much equity.
Defining the new normal for housing
Advertisement
Top Articles
Advertisement
Advertisement
More in Category
Delaware-based Schell Brothers, our 2023 Builder of the Year, brings a refreshing approach to delivering homes and measuring success with an overriding mission of happiness
NAHB Chairman's Message: In a challenging business environment for home builders, and with higher housing costs for families, the National Association of Home Builders is working to help home builders better meet the nation's housing needs
Sure there are challenges, but overall, Pro Builder's annual Housing Forecast Survey finds home builders are optimistic about the coming year