2 ms·
Lack of housing growth seems to be a factor. Housing starts in 2023 were still not even close to 2000 numbers. And the dip from the GFC lasted a long time (6
by mywittyname 2y ago
Lack of housing growth seems to be a factor. Housing starts in 2023 were still not even close to 2000 numbers. And the dip from the GFC lasted a long time (6 years). Looks like COVID stalled the recovery as well.
https://ipropertymanagement.com/research/housing-starts https://ipropertymanagement.com/research/housing-starts
Not enough housing means people have to combine houses and pay more.
This problem has been 16 years in the making.