The Cookout

[Nesut]

Anyone searching for a home today knows full well the pickings are slim. The supply of U.S. homes for sale is near a record low, and the gap between supply and demand is widening.

The U.S. is short 5.24 million homes, an increase of 1.4 million from the 2019 gap of 3.84 million, according to new research from Realtor.com.

The U.S. Census found that 12.3 million American households were formed from January 2012 to June 2021, but just 7 million new single-family homes were built during that time.

Single-family home construction has suffered from a severe labor shortage that began well before the pandemic but was then exacerbated by it. Supply chain disruptions in the past year have pushed prices for building materials higher, and as pandemic-induced demand soared, prices for land increased as well.

While new household formation is actually slower than it was before the pandemic, homebuilders would have to double their recent new home production pace to close the gap in five to six years. A new household can be either owner-occupied or rented.

America is short more than 5 million homes, and builders can't make up the difference

The supply of homes for sale is near a record low, and the gap between supply and demand is widening as homebuilders struggle to keep up.

www.cnbc.com

I wish there would be a federal investment in housing so that we can reach an equilibrium in supply and demand. This inventory shortage is destroying people in coastal cities. How do you think we can fix it?

 

[Deleted member 1946]

I wonder is there a real shortage. I don't believe this at all. There are so many houses for sale. I see so many houses on the market right now.

 

[Nesut]

I wonder is there a real shortage. I don't believe this at all. There are so many houses for sale. I see so many houses on the market right now.

With the investors buying up houses during the time it could have been true in some areas.

 

[sourgrapes]

They are forcing these things and bending the market. They are doing it with everything from building and contracting to the cost of eggs. They want everything to go up in cost because they want more people to be dependent on them (the corrupt government). They want a "new world order" where they basically sit at the top with all the money and own 80% of everything.

 

[Deleted member 1946]

With the investors buying up houses during the time it could have been true in some areas.

I've heard people in person say this about their area. Some have said it on here that some wealthy companies are buying up a lot of the properties and raising the prices sky high.

 

[Deleted member 1946]

They are forcing these things and bending the market. They are doing it with everything from building and contracting to the cost of eggs. They want everything to go up in cost because they want more people to be dependent on them (the corrupt government). They want a "new world order" where they basically sit at the top with all the money and own 80% of everything.

I agree with most of this. It won't be owning 80 percent of everything. They already do that. They want to own 100 percent of everything of value by 2030. Full monopoly. "You will own nothing and be happy." That's a quote from some person in the NWO elites.

 

[Nesut]

I've heard people in person say this about their area. Some have said it on here that some wealthy companies are buying up a lot of the properties and raising the prices sky high.

The companies want to buy up all the properties and then get a recurring income from renters.

 

[RCNAL]

The shortage is by design. Hedge funds mainly buying up a lot of supply but although slowed down a lot, Chinese investors looking to move money out of China and a hodge podge of other people and groups.