aerial neighborhood houses

Although current housing inventory continues to slip, driving up home prices and limiting homebuyers across the U.S., one expert says that could all be about to change.

After analyzing February’s housing starts data, First American Financial Corp. found the housing inventory shortage could soon see relief. First American Chief Economist Mark Fleming pointed out February’s employment report showed a boost of nearly 7,000 residential construction jobs from January to February this year.

In fact, the increase in February’s construction labor growth was the strongest since August 2008, and the number of residential construction jobs is up 3.8% from last year, First American pointed out. It also explained this…