By Kris Hudson | The Wall Street Journal
Two real-estate economists said Thursday that many home builders aren’t doing a good job of determining what homebuyers want.
Nela Richardson, chief economist for brokerage Redfin Corp., and Selma Hepp, chief economist for Zillow Group’s Trulia real-estate website, both said builders aren’t constructing enough entry-level housing to meet demand. They’re focusing more of their resources instead, the economists said, on building pricey homes for buyers with ample credit.
