Scarcity of lots holding builders back
As housing demand continues to grow, the rate at which the volume of home building can expand is constrained by the availability of lots, labor, and lending. And the trend for lots is one of tight market conditions. Survey data from the NAHB economics group confirms that the availability of lots is deteriorating as single-family construction expands and multifamily production remains at high levels.
7701 Las Colinas Blvd., Ste. 800, Irving, TX 75063