Ultimately the housing shortage is not going to ease any time soon; the speculative real estate community is not producing a sufficient number of units to meet demand. With U.S. housing completions running roughly 250,000 units short for a number of years now, the failure to meet demand for new housing will promulgate the affordability issue plaguing the nation.Cautious builders continue to mute housing supply
Key government housing metrics continue to show year-over-year declines. Housing starts fell 11.2% in May, according to the Commerce Department, while permits declined 3.8%. These numbers strongly imply there will be a fall back toward 1.22 million housing completions on an annualized basis in the coming months.
Ultimately the housing shortage is not going to ease any time soon; the speculative real estate community is not producing a sufficient number of units to meet demand. With U.S. housing completions running roughly 250,000 units short for a number of years now, the failure to meet demand for new housing will promulgate the affordability issue plaguing the nation.
Ultimately the housing shortage is not going to ease any time soon; the speculative real estate community is not producing a sufficient number of units to meet demand. With U.S. housing completions running roughly 250,000 units short for a number of years now, the failure to meet demand for new housing will promulgate the affordability issue plaguing the nation.
