Homebuilders must work to add more housing to offset rising local home prices caused by a lack of inventory, according to Robert Dietz, chief economist for the National Association of Home Builders.
Dietz says the fundamental driver of housing demand, population growth, remains slower in the Midwest at 0.2 percent than the 0.6 percent growth nationwide.
In the Dayton area, 903 homes are expected to be built this year based on year-to-date data, up from 649 at the low point of the recession in 2010 but far from the 2,653 permits pulled in 2003.
Each month, the Dayton Daily News publishes luxury homes already built that are on the market. Need an idea or want to dream about what you would like your home to look like?
Here’s five that went on the market in 2019:
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