"Hoping to spur on action, President Donald Trump recently put pressure on large homebuilders to increase construction nationwide. In a post on his Truth Social platform in early October, he accused major builders of hoarding lots to prop up prices - likening them to OPEC, which restricts oil output to maintain high prices. "They're my friends ... but now, they can get Financing, and they have to start building Homes. They're sitting on 2 Million empty lots, A RECORD," Trump wrote."
"Illinois earned a total score of 50.1, placing it squarely in the middle of the national rankings. The median listing price stood at $316,613 in 2024, while the median household income was $79,180. Homebuilding activity in Illinois remains sluggish. The state accounted for just 1.3% of all new home permits nationwide in 2024 despite representing about 3.7% of the U.S. population, yielding a weak permit-to-population ratio of roughly 0.42."
Illinois's housing market features steady demand, constrained new construction, and slipping affordability for many middle-income buyers. The state received a C on Realtor.com’s State-by-State Housing Report Card with a total score of 50.1. Median listing price was $316,613 in 2024 while median household income was $79,180. New home permits represented just 1.3% of the national total despite Illinois comprising about 3.7% of the U.S. population, producing a permit-to-population ratio near 0.42. The new-construction premium was 75%, indicating most new inventory is concentrated in higher-end segments rather than attainable middle-income housing.
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