Builders’ blueprint to tackle the US housing crisis
Home prices are still climbing, even as mortgage rates have eased slightly and inventory shows early signs of improvement, underscoring just how tight the U.S. housing market remains.
The median sales price for all existing homes last month hovered just below $400,000, marking the 32nd consecutive month of year-over-year price increases, according to the National Association of Realtors.
That persistent affordability squeeze is putting renewed pressure on homebuilders to help get the American dream back on track.