Over the past 12 months, our demand index has tracked the progress of the housing recovery by gauging consumer demand for new homes and builder demand for new lots in 33 major markets across the country. Despite a year full of challenges related to labor shortages, inclement weather, high development costs, and tightened supply of lots, builders made big inroads in 2016, most significantly in their efforts to provide affordable product for entry-level and first-time buyers.

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