Housing Supply Overview According to the U.S. Census Bureau, national sales of new homes edged up 1.1% month-over-month as of last measure, thanks in part to builders’ use of incentives and price discounts, with increases in housing starts and permits reported as well. Builder sentiment also continues to rise, as a limited supply of existing-home inventory has led to an uptick in new home demand. According to the National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI), builder confidence increased for the third consecutive month in March, rising two points to 44 from the previous month, marking a...

Hello REALTORS®, There are three elements of our government affairs program that form the foundation of how Realtors, and their association, engage in the political and public policy process.  In fact, I have spoken in the last few weeks to agency sales meetings about how our program works. There are three key elements of a government affairs program: At your association’s leadership retreat earlier this year, we identified a key objective for our government affairs program: address the lack of inventory, particularly housing.  What we are focused on now is understanding how governmental action is affecting inventory.  There are two...