“...Home price growth is likely to decelerate next year, as the mix of continued elevated mortgage rates and the run-up in home prices of the past four years will likely continue to strain affordability and remain an impediment to many would-be homebuyers.” --Fannie Mae Chief Economist Mark Palim

Low-density suburbs are seeing more construction due to a lack of buildable lots, higher building costs and an ongoing shortage of construction workers, the National Association of Home Builders’ Home Building Geography Index reported.