New homes won’t cure housing affordability problems

“Numerology” tries to find reality within various measurements of economic and real estate trends.

Buzz: Construction is not a quick cure for homebuying affordability headaches because the bulk of the new homes being built are pricier and larger than the rest of what’s sold on the market.

Source: My trusty spreadsheet spied a Zillow study comparing existing residences sold in May with newly constructed ones in 46 big US metropolitan areas – including six in California.

Fuzzy math...