Home Prices Keep Rising Amid a Seller’s Housing Market. So Why Has New Homebuilding Hit a Crawl?

USA Today, Sept. 20, 2022–Swapna Venugopal Ramaswamy
Home prices continue to rise in nearly all of the U.S. even as mortgage rates climb ever higher. Inventory levels – typically used by housing economists to gauge whether the market is favoring buyers or sellers – place the country squarely in a seller’s market.