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US population also added 50 million people. I'm willing to bet it also affects real estate prices to a considerable degree.
by lxe 5y ago
US population also added 50 million people. I'm willing to bet it also affects real estate prices to a considerable degree.
- DanTheManPR 5y agoTo expand on that: the home building rate kept pace with population growth up until the housing crash, and then collapsed. I'm not sure how much of a lag time there is between population growth and the demand for more housing, but eventually all the kids born in the last 20 years will need to live somewhere. https://www.statista.com/statistics/1041889/construction-year-homes-usa/ https://www.statista.com/statistics/1041889/construction-yea...