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Two More Things to Note About Housing

Homeowners are beginning to feel like they're prisoners in their own homes due to the dearth of supply, but housing starts appear to be increasing. GlobeSt.com speaks with First American's Mark Fleming about these trends.

By Carrie Rossenfeld | Updated on January 02, 2018

Mark Fleming Fleming: “The more imprisoned they feel, the less likely they will put their homes on the market, meaning less housing inventory will be available to meet increasing Millennial demand.”

SANTA ANA, CA—Homeowners are beginning to feel like they’re prisoners in their own homes due to the dearth of supply, according to a recent report from First American Financial Corp. On the other hand, housing starts appear to be increasing, which could ease the situation a bit, another report from the firm states.

The lack of supply continues to hamper home sales. Potential existing-home sales decreased to a 5.96 million seasonally adjusted in November 2017, a 2% month-over-month decrease. This also represents a 98.3 percent increase from the market potential low point reached in December 2008.

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