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Sitka News

The last ten years have seen significant amounts of underbuilding compared to prior decades.
  • 1960s: 9.3 million starts
  • 1970s: 11.4 million starts
  • 1980s: 9.9 million starts
  • 1990s: 11.0 million starts
  • 2000s: 12.3 million starts
  • 2010s: 6.8 million starts
The disparity of new single-family home construction and the U.S. population.

The reduced amount of single-family home construction over the last decade is striking when considering the U.S. population has continued to increase over time.

More home inventory is needed for a balanced market.

The National Association of Realtors has estimated that existing home sales growth has lagged while inventory declined. As of November 2019, inventory has fallen to a 3.6-month supply (a 6-month supply would be considered more representative of a balanced market).

Sitka Residential, LLC