Housing inventory

We have the tools to address our housing challenges through a mix of regulatory reforms, policy changes, incentives and investment. What's needed is the will and leadership to put those tools to work.

With new construction activity at the highest level in more than a year, the Federal Reserve Bank of Atlanta's GDPNow tracker is projecting residential investment added 0.1% to growth in gross domestic product in the second quarter.

The city won't allow developers to supply new suburban subdivisions with groundwater, prompting a scramble for alternative water sources and a predicted rise in local housing costs.

Contract closings edged up 0.2% to a 4.3 million annualized pace, according to data released Thursday by the National Association of Realtors.

Applications to build increased, suggesting residential construction is on track to help fuel economic growth.

Alimited supply of existing homes continued to spark interest in new construction, the National Association of Home Builders found.

The number of new listings coming to market in recent weeks fell by over 23% annually, with Western cities seeing the largest rates of decrease, according to Redfin.

Many of the homes being offered for sale are part of a portfolio acquired from Pretium Partners in late 2021, according to people familiar with the matter.

Volume was lackluster on account of elevated rates and low inventory, Black Knight's report said.

With spring selling season typically giving way to a slower summer, investors are focused on whether resilient buyer demand, solid home prices and a potential Fed pause will support further homebuilder outperformance through the end of this year.