Inventory Crisis Worsens with Drop in New Permits - What's Next?

Inventory Crisis Worsens with Drop in New Permits - What's Next?

We are still in an inventory crunch. It will get worse in February and March as more buyers will compete for a very limited number of homes. According, to the National Association of Home Builders we should see some relief later this year.

They predict a significant increase in new home construction. The US Census Bureau reported that building permits surged by 11.1% in November, housing starts jumped 13.6%, and housing completions rose by 7.3% nationwide. Fannie Mae forecasts that 1 million new homes will hit the market in 2021.

Watch this short video for the latest stats on building permits and how they compare to similar sized cities.

There are numerous new developments in the Dublin, Plain City, Hilliard, and all along the State Route 23 corridor between Worthington and Delaware. Read about new subdivisions here:

Read our full length article here:


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RE/MAX 24/7 are your Dublin, Ohio real estate experts and we strive to help and our clients along the way as you buy or sell your home with us. Dublin Real Estate. REMAX

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