Metros Where High Housing Supply and Affordability Are Bringing in Buyers
The U.S. remains short over 4 million homes in order to meet current housing demand. While years of underbuilding have created a gap in the nationwide housing supply, some metros are seeing the opposite trend hold true.
Real estate marketing platform Realtor.com’s Metro Report Cards assigns the 100 largest metros in the U.S. a grade based on their housing supply and level of affordability. The report found that the South and Midwest are seeing the strongest performance, while the West and Northeast fell behind.
Which metros scored the highest?
Of the 100 metros analyzed, 10 received an A+, A, or A-. Des Moines, Iowa and Raleigh, N.C., were the only metros to receive an A+, but Columbia, S.C., Houston, and Indianapolis all received an A grade.
Which metros scored the lowest?
Meanwhile, 13 metros received an F grade, primarily because of their lack of affordability. Los Angeles scored the lowest, followed by Providence, R.I., New York City, and then Honolulu.
About the Author
Catherine Sweeney, Content Strategist/Staff WriterCatherine Sweeney, Content Strategist/Staff Writer
Catherine Sweeney is a content strategist and staff writer for Pro Builder and Custom Builder Online, with a focus on design trends, new products, and environmental issues. Contact her at csweeney@endeavorb2b.com.