Midwest, Southern States Lead in Homebuilding, Affordability -- Market Talk

Dow Jones2025-04-24

1058 ET - With a nationwide housing shortage of more than 4 million homes, affordability is becoming a growing concern for millions of Americans, Realtor.com says. "The only real solution to housing affordability is to build more homes, " said Damian Eales, CEO of Realtor.com. Some states are making progress, but too many others are stuck in a cycle of soaring housing costs and limited inventory. Only 18 states--primarily in the Midwest and South--can claim that their median home is affordable to their median earner based on the 30% of income rule. Meanwhile, just seven states--Texas, Florida, California, North Carolina, Georgia, Arizona and South Carolina--accounted for more than half of all construction permits issued in 2024. Many states are currently struggling with high housing costs and sluggish construction progress. (chris.wack@wsj.com)

(END) Dow Jones Newswires

April 24, 2025 10:58 ET (14:58 GMT)

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Some states are making progress, but too many others are stuck in a cycle of soaring housing costs and limited inventory. Only 18 states--primarily in the <a href=\"https://laohu8.com/S/MDWT\">Midwest</a> and South--can claim that their median home is affordable to their median earner based on the 30% of income rule. Meanwhile, just seven states--Texas, Florida, California, North Carolina, Georgia, Arizona and South Carolina--accounted for more than half of all construction permits issued in 2024. Many states are currently struggling with high housing costs and sluggish construction progress. (chris.wack@wsj.com) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  April 24, 2025 10:58 ET (14:58 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU2347655156.SGD","symbol_name":"JPMorgan Investment Funds - Global Income A (icdiv) SGD-H","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2529583989","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2529583989","pubTimestamp":1745506680,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"1058 ET - With a nationwide housing shortage of more than 4 million homes, affordability is becoming a growing concern for millions of Americans, Realtor.com says. \"The only real solution to housing affordability is to build more homes, \" said Damian Eales, CEO of Realtor.com. 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Some states are making progress, but too many others are stuck in a cycle of soaring housing costs and limited inventory. Only 18 states--primarily in the Midwest and South--can claim that their median home is affordable to their median earner based on the 30% of income rule. Meanwhile, just seven states--Texas, Florida, California, North Carolina, Georgia, Arizona and South Carolina--accounted for more than half of all construction permits issued in 2024. Many states are currently struggling with high housing costs and sluggish construction progress. 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