The continued shortage of existing homes for sale has helped to keep new single-family construction growing across all regions, according to the latest National Association of Home Builders release of the Home Building Geography Index (HBGI). Despite persistent factors that continue to affect housing affordability, including a limited supply of buildable lots, rising construction costs, and a shortage of skilled labor, single-family construction grew over all four quarters of 2024.
Full article here: HBGI Q4 2024: Single-Family Construction Ends Year with Growth
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