New analysis from Fannie Mae’s Economic and Strategic Research (ESR) Group suggests that home sales in 2021 will increase 6.3 percent as the industry continues to grapple with strong demand and limited supply.
While a lack of existing homes for sale is heightening the demand for new homes, supply constraints – most notably lumber – and a dearth of buildable lots, as well as hiring difficulties, are limiting homebuilders’ pace of single-family construction, which