FYI: The plunge during the housing bust is expected. What’s incredible is how it’s stayed since. Adjusted for population growth, new home construction is lower now than it was at the depths of every pre-2008 recession of the last 60 years. And a big trend of the last few decades is the rise of single-occupant homes. So, if anything, you’d think we’d need to be making more homes than the past.
What’s happening? I don’t know. But a few thoughts and possibilities:
Regards,
Ted
https://www.collaborativefund.com/blog/we-dont-build-enough-homes/
