Housing Supply

Housing supply refers to the total number of homes available for people to buy or rent in a specific area at a given time. It depends on how many new homes are built, existing homes are maintained or removed, and how quickly new construction can be completed. When supply is limited compared to demand, house prices tend to rise; when supply is ample, prices may stabilize or decrease. Factors influencing supply include construction costs, land availability, regulations, and economic conditions. Maintaining an adequate housing supply is key to ensuring affordability, diversity, and stability in housing markets.