Low Lot Supply an Issue for Builders

Low Lot Supply an Issue for Builders

62% of builders reported that there was a shortage of developed lots in the markets in which they operate according to a National Association of Home Builders survey conducted in May. This is the largest percentage ever recorded since the NAHB started asking the question in 1997. The problem appears especially acute in “A” markets, and the low lot inventory has resulted in increases in land prices and has contributed to low housing production levels.

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Michael Anderson
Michael Anderson 244 posts

Over the course of his 30-year career, Michael Anderson has worked in the residential development industry in the Pacific Northwest, Northern California and Southern California. He has acquired residential land in excess of $300M for both land development and homebuilding entities and has overseen the construction of approximately 2500 homes. Currently, in semi-retirement, and based out of Newport Beach, CA, Michael continues to invest in and stay abreast of the land markets.

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