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09/18/2019

Still building: Housing shortage will be with us for years to come

The Dallas Morning News By Steve Brown 7:15 AM on Sep 13, 2019

Nationwide home mortgage rates are near record lows. Employment rates are near record highs. And demand for housing is strong in most U.S. metro areas.

You'd think homebuilding would be booming.

But you'd be wrong.

Single-family home construction across the country and in North Texas is nowhere close to reaching the levels we saw before the Great Recession.

And homebuilding is likely to lag demand through the next three years, according to a new report by Zillow...click here to read more.

 

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