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Lot supply threatens housing
AP reports that U S housing has grown from a renter nation to a homeowner nation by 1992 with owner occupancy near 65 percent. But a lot shortage looms as financing for land and buildable lots tightens and regulation adds cost, potentially raising home prices by about 30 percent in some areas and slowing future housing growth.
MENTIONED IN THIS ARTICLE
New York
America
U.S
Lomas Mortgage
Advisory Commission On
Jack Kemp
Secretary of Housing and Urban Development
William Connolly
New Jersey Department of Community Affairs
Mercer County
U.S. Department of Housing and Urban Development
HUD
Federal Housing Administration
FHA