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Home Builders Association: regional housing constraints driven by costs, labor and lot supply
Summary
A Kansas City Home Builders Association official briefed the committee on regional housing market dynamics, highlighting high mortgage rates, tariffs and material costs, labor shortages in trades, and the need for smaller-lot and modular options to increase supply.
Will Reeder, executive vice president of the Kansas City Home Builders Association, told the Community Development Committee that persistent housing-cost pressures stem from a combination of higher borrowing costs, elevated construction-material prices and a long-term shortfall in housing production.
Reeder summarized national and regional indicators and told the committee that “shelter accounts for about 40% of CPI,” keeping borrowing costs high and contributing to elevated mortgage rates. He said the 30-year fixed-rate mortgage had been…
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