Where Are The Armies of Homeless?
The home builders and other perma-bulls all say the same thing; that the supply of homes is limited. If the supply of homes is limited, then where are all of the homeless people? I don’t think this is a completely disrespectful or nonsensical question. If there is a shortage of housing, then there clearly should be more people living on the streets. What the home builders and housing bulls don’t appreciate is that a sufficient amount of housing does exist when you don’t distinguish between renting and owning.
Snip…
“But in a report to be issued today, the Anderson Forecast warns that the construction of new homes is outstripping the natural growth of the population.
The report notes that current population growth supports about 1.5 million to 1.6 million new houses being built throughout the nation. But 1.9 million units were built last year and 2 million are slated for construction this year, indicating that a slowdown is in order.”
More...
Snip…
“But in a report to be issued today, the Anderson Forecast warns that the construction of new homes is outstripping the natural growth of the population.
The report notes that current population growth supports about 1.5 million to 1.6 million new houses being built throughout the nation. But 1.9 million units were built last year and 2 million are slated for construction this year, indicating that a slowdown is in order.”
More...
posted by Little_Silvered at 6:27 PM
0 Comments:
Post a Comment
<< Home