Housing market gets more bad news as inventory struggles

That decision, deemed by environmental groups as arguably"the most important water-related Supreme Court decision in a generation," stems from a 2008 lawsuit between the EPA and Idaho's Sackett family after they filled a protected wetland with gravel to build a home overlooking nearby Priest Lake.

A home is seen under construction on June 21 in a development in Lemont, Illinois. The country is short about 3.8 million units of housing, according to July estimates by Freddie Mac.The Clean Water Act is charged with ensuring the cleanliness of water for habitat and human consumption. But the Supreme Court sided with the Sacketts, saying the rule was not to evaluate waters in terms of whether they are connected within a single watershed but whether those waters are contiguous on the surface.

Notably, that broad definition came at a time when housing developments are sprouting up anywhere developers can build them.

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