By Kris Hudson | The Wall Street Journal
The National Association of Realtors calculates that home construction lagged behind job creation last year in nearly two-thirds of the 146 U.S. metro areas it studied. The home-building industry’s largest trade association doesn’t directly dispute that.
Rather, Realtors and builders are at odds on the fundamental question of whether it’s a supply problem or a demand problem.
Related: The Construction Industry Struggles to Rebuild its Worker Ranks/The Wall Street Journal