The number of building permits issued for single-family homes is the best indicator of how many newly built homes will rise over the next few months. According to the latest U.S. Census
SUPPLY DEMAND WILL DETERMINE FUTURE HOME VALUES
“The amount of a commodity, product, or service available and the desire of buyers for it, considered as factors regulating its price.”
“It’s important to note that despite the modest year-over-year rise in inventory, the current level is far from what’s needed to satisfy demand levels.
Furthermore, it remains to be seen if this modest increase will stick, given the fact that the robust economy is bringing more interested buyers into the market, and new home construction is failing to keep up.”
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