NAR data shows housing supply catching up: by Q4 2025, 63% of major metros were near balance as permits rose, but job growth out…

NAR data shows housing supply catching up: by Q4 2025, 63% of major metros were near balance as permits rose, but job growth outpaced homes in some markets. Balanced market means 1 single-family permit per 2 new jobs; an index of 2 or less signals balance.
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