WE'RE GOING TO NEED TO IMPORT AN AWFUL LOT MORE BUILDERS:

Standard & Poor's said Tuesday that its S&P CoreLogic Case-Shiller national home price index stood in October a solid 6 percent above its previous 2006 peak. [...]

As the economy has steadily recovered from the 2008 financial crisis, demand from would-be buyers has steadily improved. The 17-year low unemployment rate of 4.1 percent has left more Americans confident enough to put bids on homes. Sales of existing homes in November reached their strongest pace since December 2006, according to the National Association of Realtors. But the sales growth hasn't compelled more people to list their homes for sale, as the number of properties on the market has tumbled nearly 10 percent in the past 12 months.

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