Lack of new home construction a bad omen for buyers

New_Home_Construction__alisonhancock_-_Fotolia.com_thumbnailBy Clare Trapasso | realor.com

Trouble in paradise?

By most standards, the national real estate market is booming. But not for everybody: Aspiring buyers frustrated by the lack of available properties and soaring price of homeownership shouldn’t expect to catch a break anytime soon.

With the pace of new home construction lagging well behind the surging demand for these residences, it looks like the housing shortage is only going to get worse.

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