The Housing Shortage Is About To Get Worse—Don’t Expect Builders To Save the Day – By Clare Trapasso (Realtor.com) / Aug 14, 2022
Just a few months ago, builders couldn’t put homes up fast enough to appease the hordes of eager buyers. They boasted about lengthy waitlists, even holding lotteries to choose those lucky enough to purchase their newly constructed homes.
Those days are now over as the housing market corrects after two years of runaway prices.
Buyers are now canceling orders and extracting themselves from waitlists as higher mortgage rates have pushed their dreams of owning new construction beyond their financial reach. Sales are down.
Those days are now over as the housing market corrects after two years of runaway prices.
Buyers are now canceling orders and extracting themselves from waitlists as higher mortgage rates have pushed their dreams of owning new construction beyond their financial reach. Sales are down.
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