Daily News
From Home Furnishing Business
Fast Fact: Low Housing Inventories Across MSAs, Both Big and Small
January 21,
2019 by Laurie Northington in Business Strategy, Industry 
In many Metropolitan Statistical Areas (MSA), critically low inventories and subsequent skyrocketing home prices and rental rates are locking out new home buyers and impeding moves at a time when the economy is growing and employment is high.
According to data from the U.S. Census Bureau and Zillow Inventory Data, the demand for housing is far outweighing construction in both big and smaller-sized cities.
Among MSAs with housing unit populations over 500,000, inventories in 2018 dropped below 1.0 home for sale per 100 households.
Of the five states hit the hardest with the lowest housing inventories, California leads the way with only 0.44 homes for sale per 100 households, followed by District of Columbia with 0.47 and Massachusetts with 0.53.
For a closer look at the numbers, click here.