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New Home Construction Needed to Match Job Creation, Improve Affordability in Majority of U.S.

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WASHINGTON (June 10, 2014) – New home construction activity is currently insufficient in most of the U.S., and some states could face persistent housing shortages and affordability issues unless housing starts increase to match up with local job creation, according to new analysis by the National Association of Realtors®.

The labor market, which is a key to overall economic health, has recovered all of the eight million jobs lost since the recession. NAR measured whether new home construction has kept up with job creation to determine… Read More

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