Fewer housing permits equate to further inventory, affordability challenges
Housing Wire
FEBRUARY 29, 2024
Bureau of Labor Statistics from 2013 to 2023. This has the potential to add even more economic pressure for prospective buyers looking for homes in these parts of the country, the analysis stated. The total number of homes under construction fell by 9% in 2023 while the number of permits dropped 11% year over year.
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