It’s a good thing Biden has inflation under control or else we’d be in really big trouble.................
Supply and demand. Since it is unlikely demand will go down, then supply has to increase.
I doubt few still alive remember the years after the end of WWII when millions of men were discharged back into our society. Those millions of men were getting married and having kids but there was not enough houses for them.
This was before there all the regulation and laws we have today. Private developers stepped in and began mass building projects building modest affordable home.
see Levitttown https://en.wikipedia.org/wiki/Levittown
The only thing stopping that from happening today is government regulations that obstruct new construction.
Want to increase the supply, take another look at the regulations a developer has to follow before the first shovel of dirt is made. Want more affordable, look at the cost developers have to pay to the city and states.
We don’t have a housing problem, we have a government problem.
Has workplace compensation gained equal to inflation and cost of living?…
YTD is negative
OP link:
US New Home Sales Unexpectedly Dropped In Feb As Prices Tumbled
https://www.zerohedge.com/personal-finance/us-new-home-sales-unexpectedly-dropped-feb-prices-tumbled