There’s a lot of overbuilding going on.
Yes, I believe so. In my little N. GA city they’ve just finished rough-in infrastructure buildup (lots, streets, sewer,
power) for about 270 houses in one spot. This is in anticipation for all the people fleeing Metro Atlanta.
I agree. They just built a bunch of three level town houses by me. Plus, near me they built four new apartment buildings in walking distance of each other. All different builders.
“There’s a lot of overbuilding going on.”
Not in residential properties generally. Massive shortage of housing nationwide with exceptions as always in some submarkets. Out of 256 submarkets, most are in undersupply.