[Diana in Wisconsin]

The rate of overall housing starts slowed in 2022 while completions climbed. In 2022, roughly 1 million single-family homes were started, which is 10.6% fewer than in 2021, though still more than in any other single year back to 2012.

[Diana in Wisconsin]

The rate of overall housing starts slowed in 2022 while completions climbed. In 2022, roughly 1 million single-family homes were started, which is 10.6% fewer than in 2021, though still more than in any other single year back to 2012.

[donozark]

Well, 5 million illegal aliens can’t stay in tax payer funded hotels forever.

[moovova]

I’m curious to see what the Spring holds for the housing market (normally an upswing).

[RoosterRedux]

Well, there are potential apartments galore in empty office buildings nationwide. It is estimated that there is 66 million sq ft of empty office space in NYC alone. That's 110,000 small apartments (600 sq ft) right there.

But wait, there's more. Space is opening up in a lot of blue cities as retail stores leave town. Lofts galore!

[ridesthemiles]

The existing housing is under pressure to be used by MILLIONS of ILLEGAL INVADERS.

[ProtectOurFreedom]

Well, the solution is simple. Get the government to build 6.5 million housing units. It worked so well before. Just look at all the gorgeous new government apartment buildings in the photos below. People really love their new, affordable housing and they take good care of it. They are safe, too! Lots of law enforcement for the residents who value safe, secure surroundings. It's nirvana, I tell you.

St. Louis...

New York...

Chicago...

[albie]

And that’s just in San Fransicko!!!

[PGR88]

The gap between single-family home constructions and household formations

The article hyperventilates about this "gap" and offers very good figures on one side of the equation - housing starts - but never defines or explains their metric "household formations." Is it even a valid comparison?

Also, they seem to assume that every "household" should have a single-family home, which no doubt is a large bias in their thinking. I can imagine an association of realtors not supporting rentals, as that makes no money for them

[ProtectOurFreedom]

6.5 million housing units @ 2.5 people per unit = 16 million people.

So a full ONE THIRD of that 16 million is illegal invaders in the past two years alone.

Estimates vary, but most say we have 15 to 25 million illegal invaders in the country (probably a lot higher). So ALL of that housing shortfall is due to illegal invaders.

QED

[Clemenza]

Over the past two months here in northern New Jersey I have put in 6 offers that have gone to bid - in all cases the winning bidder paid 15%+ over list and in three cases paid cash. The insanity has been going on for three years now - little inventory and people bidding like crazy when a single family home comes on the market. Unfortunately in my part of the world, there is no place left to build out.

[JudyinCanada]

The mass deportations beginning in early 2025 should take care of much of the shortage.

[webheart]

6.5 million is about the number of immigrants that enter this country each year. Notice that the number of American homeless people are not mentioned. I guess there is no shortage of tents although it’s getting a little crowded at the freeway interchange.

[Jimmy Valentine]

I am not buying this. Between inflation and a poor jobs market prospective homebuyers are delaying/deferring home purchases until the economy improves. Also home prices are overinflated which will depress the market. A change in Government administrations in 2024 will begin a rationalization of markets. Until then save your money and hunker down.

[FlingWingFlyer]

There’s a hell of a lot more “breakfast tacos” sneaking in than 6.5 million.

[RideForever]

HOw much of that is because of the unlimited immigrant invasion Biden is allowing?

[TomGuy]

Location location location

My area has experienced massive growth. City population was around 8,400 in 2006 and it now in the vicinity of 25,000.

There does seem to be a slight slow-down in buying and some price drops, but few are even on the market two months. Older house prices are 2 to 3 times higher than what the house sold for just 4 or 5 years ago.

[9YearLurker]

No, it is long 45 million illegals.

[old-ager]

Or long illegal immigrants.

[Vision]

The United States is not building enough homes to account for the number of people setting up their own households foreigners Democrats are importing to maintain their power.

[mewzilla]

There are lots of homes for sale in my Upstate NY neck of the woods.

Wrecks that are going for under 200 K and will cost a mint to fix up.

And 300, 400, 500 K and up spreads that nobody wants to buy cuz they’re in NYS, and come with YUGE property tax bill.