The housing market is an important economic indicator. It is often one of the first sectors to rise or fall when economic conditions improve or decline. Home construction is an important source of middle-class jobs in the North San Joaquin Valley. In addition, a limited supply of housing can lead to high housing costs (i.e. rents and home sale prices) which can reduce the attractiveness of the region for new business investment and create affordable housing challenges. Limited affordable housing can result in long commutes, limited free time, and increased traffic congestion. Finally, high housing costs can make meeting other financial needs a challenge for households.