Can We Build Our Way Out? The Race to Meet Housing Demand
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đ In This Episode, We Cover:
- The current state of the real estate market: rising prices, soaring rents, and the scramble in new home construction
- Why simply building more single-family homes won't solve the housing crisis
- Shocking buyer-to-property ratios, with five buyers for every single-family home listed
- The surge in housing starts and permitsâbut why thatâs still not enough
- Inventory crunch: Only 950,000 homes for sale across the U.S.
- The estimated 5 million home shortageâand how long it would realistically take to catch up
- Why labor shortages and material costs may slow down construction
- Builder hesitancy: Declining sales volume and fear of another 2008 housing crash
- The impact of rising interest rates on mortgage paymentsâcosting buyers $500â$700 more per month
- Inflation and affordability concerns keeping buyers (and builders) cautious
- Why most inventory will come from resalesâand why even that supply is restricted
- Homeowners staying put due to low mortgage rates and fear of re-entering the competitive market
- The reality: Builders are leaning toward luxury homes to stay profitable
- The result: Continued shortages in entry-level and working-class housing options
đ§ Tune in to understand why the dream of building our way out of the housing crisis may be harder and slower than we think.
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