BY BRAD BECKETT ON MARCH 17, 2022
A new report from Roofstock reveals the top 20 metros where job growth is outpacing the supply of new housing. They say in a normal market, there’s typically a six-month supply of houses. Click here to read more.
However there has been a “perfect storm of factor”s since 2020 (including record-low mortgage rates, more mobility for remote workers, etc.) that has caused widespread housing shortages from busy metropolitan areas like Los Angeles to small cities in the middle of Indiana or Michigan.
To come up with their list,
The top 20 markets are:
- Hickory-Lenoir-Morganton, NC
- St. Cloud, MN
- Utica-Rome, NY
- Modesto, CA
- Lancaster, PA
- Peoria, IL
- Oxnard-Thousand Oaks-Ventura, CA
- Duluth, MN-WI
- Santa Maria-Santa Barbara, CA
- Springfield, IL
- Lansing-East Lansing, MI
- New York-Newark-Jersey City, NY-NJ-PA
- Erie, PA
- Los Angeles-Long Beach-Anaheim, CA
- Urban Honolulu, HI
- Elkhart-Goshen, IN
- Pittsburgh, PA
- Rochester, NY
- Allentown-Bethlehem-Easton, PA-NJ
- Champaign-Urbana, IL
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