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Tight housing market could spur construction

Inventory of homes for sale stagnant even as pace of sales jumps, returning to pre-crisis levels

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Compared to the population, the pace of new home construction currently is at about 64 per cent of its 50-year average and rising slowly, according to residential real estate website Trulia.

Washington

THE US housing market, a key economic driver, is exceedingly tight, with supply struggling to meet demand as the sector recovers a decade after the housing crisis, analysts say.

But persistent and pent-up demand among would-be homeowners could spur builders to boost

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