A Housing Shortage Is Coming

June 16, 2010 by  
Filed under A Housing Shortage Is Coming, Blog

Are We Facing A Housing Shortage?

As the US economy has faced the worst housing crash since the Great Depression, it is hard to believe that we may be facing a housing shortage soon.  It has been made clear that the nation is not building enough homes to meet with the demand.

Just 672,000 new homes were started in April, an annualized rate and less than half the long-term run rate needed to meet the nation’s natural population growth.

So far, the shortage has been masked by a weak economy that has put a damper on home buying. Once the job market rebounds, however, people will look to have their own homes again. This pent-up demand could get unleashed on unprepared markets, causing shortages and rising local prices.


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Housing Assist Coldwellbanker