Meanwhile, it appears that builders have found ways to try to work around rising prices.

Moves to the Southeast and Southwest continued to lead the way

Austin was the big winner, growing its workforce by 22.3%

Southern states gained the lion's share of the new additions

Builders continue to take financial hits to try to lure buyers

New York's apartment pipeline is one of the fullest in the nation with 20,000 units under construction

The decline follows two previous quarters when the index rose

Housing inventory is expected to rise by around 30% as more sellers begin to list