A shortage of homes for-sale continues to weigh on the market and is one of the biggest obstacles facing home buyers. But homebuilders say stop blaming us.
“It does feel like every other [report] has Lawrence Yun [NAR’s chief economist] saying, ‘Builders need to build more,’” Robert Dietz, chief economist of the National Association of Home Builders, told attendees at Sunday’s session, “Housing Needs More Supply: Two Perspectives.” “Yes, we would like to, but there are reasons [why we can’t]” add additional new-home inventory.
Dietz pointed to a labor shortage, pricier lots, and strict local regulatory policies as compounding the issue. Further, two-thirds of homebuilders recently surveyed by NAHB said they’d build more if there were more lots available, Dietz said.