As demand for housing continues to rise, concerns are mounting over the housing supply in the market. Despite the perceived need for millions of new homes to meet this demand, recent data on housing starts and permits suggest a different reality. Both indicators are currently at recession levels, signaling potential challenges in meeting the growing demand for housing in the near future.
Key points:
– Demand for housing is on the rise.
– Housing starts and permits are at recession levels.
– Concerns are growing over the housing supply in the market.
– The discrepancy between demand and supply could lead to challenges in meeting housing needs.
You can read this full article at: https://www.housingwire.com/articles/we-wont-build-millions-of-new-homes/(subscription required)
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