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How do you read that graph? I see the dip around 2010, but what about that graph implies under-building? (genuine question, it's not obvious to me)
by gre 3y ago
How do you read that graph? I see the dip around 2010, but what about that graph implies under-building? (genuine question, it's not obvious to me)
- HarryHirsch 3y agoUp until the mid-1980's average new construction was 1.8 million units/year, afterwards it dropped off, while the population grew from 240 millions in 1985 to 330 millions today. The fact that household sizes have shrunk, and the rural depopulation only exacerbate the problem. There is a grave supply problem.
- WarOnPrivacy 3y ago> The fact that household sizes have shrunk This will see some natural reversion as families become forced together. That's going to be especially rough ride after 80 years of erasing the housing that could accommodate those families.