Not a Lot of Lots, Builders Report

In a recent NAHB survey, 65 percent of builders reported that the overall supply of developed lots in their areas was low to very low. This is up only 1 percent from June 2017, but significantly higher than the 42 percent posted in September 2012.

The focus on lots was included in a special survey section in September’s NAHB/Wells Fargo Housing Market Index (HMI).

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