Lack of construction is likely the problem. High financing costs, expensive construction material (a lot of it is imported, like Canadian wood) and disappearing construction workers is probably all contributing.
> expensive construction material (a lot of it is imported, like Canadian wood)
Im sorry but the single justification for the richest country on the planet still building houses out of wood was that it was cheap and abundant. Now I find theyre importing at increased cost.... so tell me again why you all live in wooden sheds?
According to Redfin, the median home sale price was up 1.2% YoY in July 2025. [1]
[1] https://www.redfin.com/us-housing-market