Missouri is Struggling in Affordability and Homebuilding: Can Governor Kehoe Jump-Start Construction?
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Missouri is Struggling in Affordability and Homebuilding: Can Governor Kehoe Jump-Start Construction?
"The state earned a C, reflecting a market with reasonable prices but a sluggish pace of new construction. The report, part of the Let America Build campaign, measures how each state balances current affordability with its progress in building new homes to meet future demand. Missouri's grade shows that while housing remains within reach for many families, the state's limited construction activity could hinder affordability down the road."
"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. He urged Fannie Mae and Freddie Mac to intervene and "get Big Homebuilders going" to "restore the American Dream.""
Missouri earned a C on Realtor.com's State-by-State Housing Report Card, reflecting reasonable prices and a sluggish pace of new construction. The grade comes from a Let America Build campaign metric that balances current affordability with progress building new homes for future demand. Missouri's 2024 median listing price was $298,696, with median household income of $68,010 and a Realtors Affordability Score of 0.82, above the national average. Missouri accounted for 1.2% of national housing permits in 2024 while representing 1.8% of the population, producing a permit-to-population ratio of 0.67. National leaders have urged homebuilders to increase construction and address lot hoarding.
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