[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"$f29t9gk77vmxir":3,"$ffeh0925h8cuz":51,"$f2emv3tus0uf1":55,"$fbwk2pqjjqsc7":59},{"item":4,"previous":39,"next":45},{"id":5,"slug":6,"title":7,"description":8,"excerpt":9,"contentType":10,"featuredImage":11,"bannerImage":9,"body":12,"agentsBottomLine":13,"bodyImage":14,"isInfographic":15,"categories":16,"isVideo":15,"videoThumbnail":9,"videoSource":9,"publishedAt":37,"updatedAt":38},1541,"the-1-reason-it-is-difficult-to-find-your-dream-home","The #1 Reason It Is Difficult to Find Your Dream Home","The headlines in real estate today all revolve around one major point: \u003Cem>there is a shortage of homes available for sale\u003C\u002Fem>. Price appreciation is accelerating again because \u003Cem>there is a shortage of homes available for sale\u003C\u002Fem>. First-time buyers are taking longer to purchase a home because \u003Cem>there is a shortage of homes available for sale\u003C\u002Fem> in the lower price points. Boomers are staying in their current homes longer because \u003Cem>there is a shortage of homes available for sale\u003C\u002Fem> to which they would move. In certain markets, affordability is becoming more challenging because \u003Cem>there is a shortage of homes available for sale.\u003C\u002Fem>","","blog","https:\u002F\u002Ffiles.simplifyingthemarket.com\u002Fwp-content\u002Fuploads\u002F2020\u002F01\u002F24114259\u002F20200123-KCM-Share-1.jpg","The headlines in real estate today all revolve around one major point: \u003Cem>there is a shortage of homes available for sale\u003C\u002Fem>. Price appreciation is accelerating again because \u003Cem>there is a shortage of homes available for sale\u003C\u002Fem>. First-time buyers are taking longer to purchase a home because \u003Cem>there is a shortage of homes available for sale\u003C\u002Fem> in the lower price points. Boomers are staying in their current homes longer because \u003Cem>there is a shortage of homes available for sale\u003C\u002Fem> to which they would move. In certain markets, affordability is becoming more challenging because \u003Cem>there is a shortage of homes available for sale.\u003C\u002Fem>\u003C!--more-->\r\n\u003Ch4>\u003Cstrong>What’s the major reason for this lack of housing inventory?\u003C\u002Fstrong>\u003C\u002Fh4>\r\nThe issue was examined in a \u003Ca href=\"http:\u002F\u002Feyeonhousing.org\u002F2020\u002F01\u002Fa-decade-of-home-building-the-long-recovery-of-the-2010s\u002F\">recent article\u003C\u002Fa> by the \u003Cem>National Home Builders Association\u003C\u002Fem> (NAHB). In the article, Robert Dietz, \u003Cem>Chief Economist\u003C\u002Fem> for NAHB, explained:\r\n\u003Cblockquote>\u003Cem>“Home building in the 2010s was a story of the Long Recovery. After the Great Recession, the number of home builders declined significantly, and housing production was unable to meet buyer demand…Years of population and household formation growth, combined with relatively reduced levels of home building, have left the market with a critical supply shortage.”\u003C\u002Fem>\u003C\u002Fblockquote>\r\nHere are the single-family home construction starts by decade for the last six decades:\u003Ca href=\"https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002Fwp-content\u002Fuploads\u002F2020\u002F01\u002F20200123-MEM-Eng-1.jpg\">\u003Cimg class=\"aligncenter wp-image-41616\" src=\"https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002Fwp-content\u002Fuploads\u002F2020\u002F01\u002F20200123-MEM-Eng-1.jpg\" alt=\"The #1 Reason It Is Difficult to Find Your Dream Home | Simplifying The Market\" width=\"650\" height=\"366\" \u002F>\u003C\u002Fa>Obviously, there’s a current shortage of homes for sale because not enough houses were built over the last ten years. To add to the challenge, the U.S. population expanded by more than 20 million people during the 2010s.\r\n\r\nBelow is a graph showing the number of starts per every million in population. The last decade shows that starts per population were less than half the average of the previous five decades.\u003Ca href=\"https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002Fwp-content\u002Fuploads\u002F2020\u002F01\u002F20200123-MEM-Eng-2.jpg\">\u003Cimg class=\"aligncenter wp-image-41617\" src=\"https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002Fwp-content\u002Fuploads\u002F2020\u002F01\u002F20200123-MEM-Eng-2.jpg\" alt=\"The #1 Reason It Is Difficult to Find Your Dream Home | Simplifying The Market\" width=\"650\" height=\"366\" \u002F>\u003C\u002Fa>\r\n\u003Ch4>\u003Cstrong>There’s good news coming!\u003C\u002Fstrong>\u003C\u002Fh4>\r\nThe NAHB article explains that there is light at the end of the tunnel.\r\n\r\nHow confident home builders are in the housing market is a great indicator of how much building is about to get started. The \u003Cem>NAHB\u002FWells Fargo\u003C\u002Fem> \u003Cstrong>Housing Market Index\u003C\u002Fstrong> (HMI) gauges builder perceptions of current single-family home sales and sales expectations for the next six months as “good,” “fair,” or “poor.” The survey also asks builders to rate traffic of prospective buyers as “high to very high,” “average,” or “low to very low.” Scores for each component are then used to calculate a seasonally adjusted index where any number over 50 indicates that more builders view conditions as “good” than “poor.”\r\n\r\nHere are the HMI readings going back to 2008:\u003Ca href=\"https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002Fwp-content\u002Fuploads\u002F2020\u002F01\u002F20200123-MEM-Eng-3.jpg\">\u003Cimg class=\"aligncenter wp-image-41618\" src=\"https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002Fwp-content\u002Fuploads\u002F2020\u002F01\u002F20200123-MEM-Eng-3.jpg\" alt=\"The #1 Reason It Is Difficult to Find Your Dream Home | Simplifying The Market\" width=\"650\" height=\"366\" \u002F>\u003C\u002Fa>The 2019 confidence reading of 76 was the highest since 1999. The January 2020 index came in one point lower at 75. These readings indicate we should see an increase in new residential construction in 2020. Just last week, NAHB \u003Cem>Chairman\u003C\u002Fem> Greg Ugalde stated:\r\n\u003Cblockquote>\u003Cem>“Low interest rates and a healthy labor market combined with a need for additional inventory are setting the stage for further home building gains in 2020.”\u003C\u002Fem>\u003C\u002Fblockquote>\r\nThe increase in housing starts has already begun. According to the \u003Ca href=\"https:\u002F\u002Fwww.census.gov\u002Fconstruction\u002Fnrc\u002Fpdf\u002Fnewresconst.pdf\">January report\u003C\u002Fa> from the \u003Cem>U.S. Census Bureau\u003C\u002Fem> and the \u003Cem>U.S. Department of Housing and Urban Development\u003C\u002Fem>, single‐family housing starts were up 11.2% and attained the highest level in thirteen years.\r\n\u003Ch3>\u003Cstrong>Bottom Line\u003C\u002Fstrong>\u003C\u002Fh3>\r\nWhether you’re a first-time buyer or a seller thinking of moving up or down, 2020 could be your year with more new construction homes coming to market.","\r\nWhether you’re a first-time buyer or a seller thinking of moving up or down, 2020 could be your year with more new construction homes coming to market.","https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002Fwp-content\u002Fuploads\u002F2020\u002F01\u002F20200123-MEM-Eng-1.jpg",false,[17,21,25,29,33],{"id":18,"name":19,"slug":20},5,"For Buyers","buyers",{"id":22,"name":23,"slug":24},6,"For Sellers","sellers",{"id":26,"name":27,"slug":28},11,"First-Time Buyers","first-time-buyers",{"id":30,"name":31,"slug":32},38,"Move-Up","move-up",{"id":34,"name":35,"slug":36},45,"New Construction","new-construction","2020-01-23T10:00:14Z","2020-03-26T15:21:24Z",{"id":40,"slug":41,"title":42,"featuredImage":43,"publishedAt":44,"contentType":10,"isVideo":15},1540,"how-buyers-can-win-by-downsizing-in-2020","How Buyers Can Win By Downsizing in 2020","https:\u002F\u002Ffiles.simplifyingthemarket.com\u002Fwp-content\u002Fuploads\u002F2020\u002F01\u002F17122618\u002F20200122-KCM-Share.jpg","2020-01-22T10:00:12Z",{"id":46,"slug":47,"title":48,"featuredImage":49,"publishedAt":50,"contentType":10,"isVideo":15},1542,"2020-homebuying-checklist","2020 Homebuying Checklist","https:\u002F\u002Ffiles.simplifyingthemarket.com\u002Fwp-content\u002Fuploads\u002F2020\u002F01\u002F23170118\u002F20200124-KCM-Share.jpg","2020-01-24T11:00:16Z",{"cover":52,"open":53,"shareSpread":54},"https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002FKeepingCurrentMatters\u002Fcontent\u002Fimages\u002F20260603\u002F2026-Summer-Buyers-Guide-Cover-original.png","https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002FKeepingCurrentMatters\u002Fcontent\u002Fimages\u002F20260603\u002F2026-Summer-Buyers-Guide-Spread-original.png","https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002FKeepingCurrentMatters\u002Fcontent\u002Fimages\u002F20260603\u002F2026-Summer-Buyers-Guide-Magazine-original.png",{"cover":56,"open":57,"shareSpread":58},"https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002FKeepingCurrentMatters\u002Fcontent\u002Fimages\u002F20260603\u002F2026-Summer-Sellers-Guide-Cover-original.png","https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002FKeepingCurrentMatters\u002Fcontent\u002Fimages\u002F20260603\u002F2026-Summer-Sellers-Guide-Spread-original.png","https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002FKeepingCurrentMatters\u002Fcontent\u002Fimages\u002F20260603\u002F2026-Summer-Sellers-Guide-Magazine-original.png",[60,64,65,66,70,74,78,79,83,87,88,92,96,97,101,105,109,113,117,121,125,129,133,137,141,145,149,153,157,161],{"id":61,"name":62,"slug":63},1,"Uncategorized","uncategorized",{"id":18,"name":19,"slug":20},{"id":22,"name":23,"slug":24},{"id":67,"name":68,"slug":69},7,"Foreclosures","foreclosures",{"id":71,"name":72,"slug":73},8,"Infographics","infographics",{"id":75,"name":76,"slug":77},9,"Home Prices","home-prices",{"id":26,"name":27,"slug":28},{"id":80,"name":81,"slug":82},34,"Senior Market","senior-market",{"id":84,"name":85,"slug":86},35,"Mortgage Rates","mortgage-rates",{"id":30,"name":31,"slug":32},{"id":89,"name":90,"slug":91},41,"For Sale by Owner","for-sale-by-owner",{"id":93,"name":94,"slug":95},42,"Featured","featured",{"id":34,"name":35,"slug":36},{"id":98,"name":99,"slug":100},52,"Luxury \u002F Vacation","luxury--vacation",{"id":102,"name":103,"slug":104},53,"Rent vs. Buy","rent-vs-buy",{"id":106,"name":107,"slug":108},80,"Time-sensitive","time-sensitive",{"id":110,"name":111,"slug":112},81,"Outdated","outdated",{"id":114,"name":115,"slug":116},147,"Internal","internal",{"id":118,"name":119,"slug":120},148,"Do Not Autopost","do-not-autopost",{"id":122,"name":123,"slug":124},320,"Inventory","inventory",{"id":126,"name":127,"slug":128},321,"Agent Value","agent-value",{"id":130,"name":131,"slug":132},322,"Affordability","affordability",{"id":134,"name":135,"slug":136},323,"Buying Tips","buying-tips",{"id":138,"name":139,"slug":140},324,"Downsize","downsize",{"id":142,"name":143,"slug":144},325,"Economy","economy",{"id":146,"name":147,"slug":148},326,"Equity","equity",{"id":150,"name":151,"slug":152},327,"Forecasts","forecasts",{"id":154,"name":155,"slug":156},328,"Selling Tips","selling-tips",{"id":158,"name":159,"slug":160},339,"Expired\u002FWithdrawn\u002FCanceled","expiredwithdrawncanceled",{"id":162,"name":163,"slug":164},340,"Price It Right\u002FOverpricing","price-it-rightoverpricing"]