Contact

Thank you for your interest in Sitka Residential, LLC. Please fill out the form below to contact us by email.

Get In Touch

Corporate Office
3905 National Drive
Suite 105
Burtonsville, MD 20866
Contact Us

Sitka News

More home inventory is needed for a balanced market.

The National Association of Realtors has estimated that existing home sales growth has lagged while inventory declined. As of November 2019, inventory has fallen to a 3.6-month supply (a 6-month supply would be considered more representative of a balanced market).

The last ten years have seen significant amounts of underbuilding compared to prior decades.
  • 1960s: 9.3 million starts
  • 1970s: 11.4 million starts
  • 1980s: 9.9 million starts
  • 1990s: 11.0 million starts
  • 2000s: 12.3 million starts
  • 2010s: 6.8 million starts
The “Missing Middle” phenomenon is real.

Housing structures of 2-19 units has sharply declined from almost 25% of all new construction in the mid-1980s to just 4% in 2018.