2018 U.S. Lot Values Hit Record High

U.S. median single-family lot prices in 2018 reached a record high while outperforming inflation, according to NAHB analysis of U.S. Census data. The largest increases were seen in the historically low-priced West South Central region of Texas, Oklahoma, Arkansas and Louisiana, where median lot values have more than doubled since the housing boom peak levels. The East North Central region also hit a record high. The rising values are consistent with lot shortages occurring throughout the country and escalating regulatory costs that ultimately increase costs and raise property prices. See NAHB



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