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Home Construction

NAR Study: New Home Construction Trailing Job Growth in Majority of Metro Areas

Despite positive improvements in the labor market in recent years, new home construction is currently insufficient in a majority of metro areas and is contributing to persistent housing shortages and unhealthy price growth in many markets, according to new research from the National Association of Realtors

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NAR Chief Economist Lawrence Yun Forecasts 9% Increase in Home Sales...

The worst of the housing inventory shortage is coming to an end, mortgage rates are stabilizing and job additions are continuing, according to NAR Chief Economist Lawrence Yun.

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