By Lisa Selin Davis | realtor.com
We need more inventory. That would be the easiest solution to our nation’s high-priced housing problem. So the news from the Commerce Department on Friday morning is sounding good: In June 2015, privately owned housing starts rose 9.8% above May’s numbers.
“An increasing level of new construction is the primary way that the housing market will find balance in this surging demand but tight supply environment,” says our chief economist Jonathan Smoke.
While the report covers permits, starts, and completions, we shouldn’t put too much faith in the numbers, says Smoke.
