New home building is key to health of real estate

A stable residential real estate market played a key role in the ongoing, decade-long economic expansion. Yet, to sustain real estate and, by extension, the national economy, an increase in the supply of new homes is crucial. That was a key conclusion of three economists who participated recently in a session held at the 2018 Realtors Legislative Meetings & Trade Expo in Washington, D.C. The session, “Outlook for Home Prices and Residential Construction,” focused on rapidly rising home prices, tight home inventories and whether or not the country is in the middle of a bubble.

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Source: The Signal