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A strong economy tends to cause higher housing prices A look at the data will tell you that housing construction does not meet demand since in the mid-1980's (
by HarryHirsch 3y ago
A strong economy tends to cause higher housing prices
A look at the data will tell you that housing construction does not meet demand since in the mid-1980's (!): https://fred.stlouisfed.org/series/HOUST https://fred.stlouisfed.org/series/HOUST. It's now obvious to anyone that the policy failure has caught up with the nation.
The problem is seriously compounded by the depopulation of rural areas and the fact that current new construction is not entry-level housing and never will be. You can't subdivide an exurban mansion into four apartments.