Population, wages drag pace of home building

Oberer Homes is developing more than 150 acres in Clearcreek Twp. near Red Lion for more than 70 new homes. The property sits along State Routes 741 and 122. TY GREENLEES / STAFF

Oberer Homes is developing more than 150 acres in Clearcreek Twp. near Red Lion for more than 70 new homes. The property sits along State Routes 741 and 122. TY GREENLEES / STAFF
Business
By
May 20, 2018
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Homes are hot again, and values have been creeping back up for years. In some markets, values have even been restored to pre-recession peaks and beyond.

One challenge in the Dayton area, however, has been a relative lack of inventory of available homes, Realtors have told this media outlet for months.

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That squeezed inventory tends to drive prices up, creating a seller’s market and forcing shoppers to move quickly when they find the home that’s right for them.

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Compounding the problem has a slowing in the building of new homes.

Here's what area home builders and market observers have been telling us: READ MORE.

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Thomas Gnau is a business reporter who joined the Dayton Daily News in 2007. He has reported for daily newspapers in Ohio since 1991.