Interesting story in the RGJ regarding the tight inventory supply in the Reno-Sparks market, and how it is leading to higher prices and spurring homebuilders to ramp up construction. See Construction picks up in Reno-Sparks – Declining supply of existing homes driving up prices
This year, the Builders Association is expecting housing starts to double last year’s number.
And increased new home sales are not unique to Reno-Sparks. See MSNBC.com’s New-home sales surge to fastest pace in two years