More funding for market-based housing vouchers is needed now. Building more housing to address housing shortages is a longer-term, more sustainable solution to solve America’s housing affordability crisis.
Headline Inflation Slows Further in March – Core Inflation Remains Somewhat Elevated
While shelter remained the largest contributor to the monthly gain in the consumer price index, the monthly increase in shelter costs has come down measurably from its pandemic-era peak.
February New Home Sales: New Home Sales Edged Up Again
New home sales post third straight monthly gain.
February 2023 Existing Home Sales: Sales Snap a 12-month Long Decline as Buyers Return
Low inventory remains a major constraint for home shoppers this spring.
The increase in builder confidence and housing starts are signs housing demand is thawing from last year’s deep freeze.
Inflation Slows Further in February
Although consumer prices are still 6% higher when compared to a year ago, the pace of price increases slowed further in February. Shelter accounted for 70% of the February price gains.
