3 ms·
> I keep hearing about a housing shortage. How we are not building fast enough. New construction is temporarily extremely expensive due to supply chain issues.
by PragmaticPulp 5y ago
> I keep hearing about a housing shortage. How we are not building fast enough.
New construction is temporarily extremely expensive due to supply chain issues. Prices of everything from lumber to copper are (or were) elevated because COVID shut down factories and supply chains.
New construction is still happening, but it's slowed down and expensive for a short while.
There's a secondary problem that the new construction is happening in the suburbs and outskirts where there's still land available. Meanwhile, the trend is to move toward city centers and popular areas, where housing prices continue to climb.
- mixmastamyk 5y agoYes, and the lack of enough construction is decades in the making.
- whycombagator 5y ago> Meanwhile, the trend is to move toward city centers and popular areas, where housing prices continue to climb. I don’t have data, but if there was a market where this is happening less than usual. It’s this market