Americans’ driving habits are in gradual decline. It could impact the housing market, according to a recent report. Despite Americans driving less, most new housing supply continues to be built in car-dependent areas, according to Realtor.com, reflecting a disconnect between changing consumer behavior and where developers are adding new homes.Realtor.com cited data from the Federal Highway Administration that showed that vehicle miles traveled per capita have declined 2.3% since 2019. Compared with two decades ago, the average American drives nearly 5% less, underscoring how consumers are beco...

2 hours ago

On HALO