https://eyeonhousing.org/2024/09/new-home-sales-fall-in-august/ National Association of Home Builders Discusses Economics and Housing Policy Mon, 30 Sep 2024 13:44:42 +0000 hourly 1 https://eyeonhousing.org/2024/09/new-home-sales-fall-in-august/#comment-2241042 Mon, 30 Sep 2024 13:44:42 +0000 https://eyeonhousing.org/?p=36398#comment-2241042 According to Redfin, it will take 5-10 years for new builds to make up for the declining rate of inventory. Zoning laws need to change. Maybe time to put the Feds in charge of that until we get back to normal. The vast pool of stock still resides with re-sale homes, which are locked in due to higher mortgage rates. And then there are a whole host of other defects in the housing market, according to Housing Hardship: Decoding the Real Estate Crisis a book that was recently published.

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