I gave the "housing units to households" metric, which is the one that matters most. It's 1.1 housing unit to 1 household, same as it was in 2001. You can corr

I gave the "housing units to households" metric, which is the one that matters most. It's 1.1 housing unit to 1 household, same as it was in 2001. You can corroborate with FRED data for total households vs total housing units Demographics were favorable for demand for the past few years due to millenials reaching homebuying age, but they quickly shift against demand over the next decade due to large elderly population passing on and lower population growth. Not even considering that homebuilding is at an all time high https://fred.stlouisfed.org/series/UNDCONTNSA https://fred.stlouisfed.org/series/UNDCONTNSA