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The U.S. housing market is in a weird place

There is demand for new homes, but a lot of it is among first-time home buyers who can’t afford them.

Real estate agents leave a home for sale during a broker open house on April 16, 2019 in San Francisco, California.
Real estate agents leave a home for sale during a broker open house on April 16, 2019 in San Francisco, California.
Justin Sullivan/Getty Images

The economy is good and mortgage interest rates are low — two data points that would typically suggest a robust housing market. But analysts and the industry itself aren’t as bullish as they normally would be with these economic conditions. Tuesday’s release of new Census Bureau data will give insight into how many homes builders broke ground on, and how many building permits they were issued.

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