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Thank you. Maybe you can help me understand this correctly. Your link shows the "owner-occupied" housing was relatively flat during the housing crises. The lin
by bumby 5y ago
Thank you. Maybe you can help me understand this correctly.
Your link shows the "owner-occupied" housing was relatively flat during the housing crises. The link below shows new housing units were still increasing during that time.[1] Does that imply most of the new builds were investment properties (i.e. not owner occupied) during this time period?
[1]https://fred.stlouisfed.org/series/HOUST https://fred.stlouisfed.org/series/HOUST
- aeternum 5y agoVacancies were also (relatively) high during that time. https://fred.stlouisfed.org/series/ESALEUSQ176N https://fred.stlouisfed.org/series/ESALEUSQ176N I think this is what matters most. It's good to have some vacancies so that people have options but too many likely indicates there's some speculation/over-building going on that the market doesn't support.
- bumby 5y agoThat makes perfect sense, thank you.