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It May Take Years for Homebuilding To Get Back to Historic Levels


According to a recent survey of more than 100 economists and real estate gurus by Zillow, this year’s slow pace of single-family home building isn’t expected to get back to historic norms until 2022 or later.

And the expectation is that this trend will continue in the foreseeable future.

In any given month since 1959, single-family housing starts averaged over one million. But since 2007, that number has never been achieved.

Builders have been dealing with myriad issues: acquiring buildable land in desirable areas; securing lumber and other materials; and finding enough workers.

Experts agree that there are solutions which would spur some growth; they include easing local review regulations for projects of a certain size, reducing mandatory minimum lot sizes and easing the land subdivision process for landowners.

Read on HERE:

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