New home lot supply drops to cycle lows
Rani Salehi
rsalehi@meyersresearchllc.com
(714) 619-7860
In Dublin, “you can’t buy a new single-family house on a 5,000-square-foot lot for less than $1 million,” said Stephen Smiley of Meyers Research, an adviser to home builders. “Affordability is going to be a major issue.”