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There's a coming supply glut? In the markets I'm familiar with there isn't any significant construction of houses. The few houses I see being built are high e
by hasbot 4y ago
There's a coming supply glut? In the markets I'm familiar with there isn't any significant construction of houses. The few houses I see being built are high end and out of the price range of most people. Quality houses around me are still finding buyers in a couple of days.
- sp332 4y agoEven so, at current interest rates, much fewer people can buy houses now than at the beginning of the year.
- bequanna 4y agoThe article addresses this. There are currently more new homes under construction in the US than at any other time in history.
- halfmatthalfcat 4y agoWhere though? Echoing the parent poster, where I live (metro Chicago) there is very little room to build and it’s more teardown/$1M+ rebuilds happening. I can see more building happening in the boonies/far burbs but you end up moving too far from the city. NYC is in the exact same spot. If you’re outside Columbus, OH or Little Rock, this might be a good sign but for those who prefer urban or urban+suburban living, I can’t see much relief happening any time soon.
- MrMan 4y agowhere I am there is a lot of overbuilding at the low mid and high level