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Builders: Inventory Woes Not Our Fault

Sun_HousingSupply_LaurenA 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.

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This post was contributed exclusively for REALTOR® Magazine.

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