Will the Housing Boom Continue?

Mortgage Craft-Home Construction
The Housing Boom Will Continue
There is no offseason any more as builders try to make up for lost time. Every year since 2008, builders have under built the required number of homes for the expected households created by population growth.
COVID-19 has accelerated the trend of homeownership Millennials were putting off. So now, supply chain constraints and lack of available homes are keeping real estate agents and builders busier than ever.
In September, there were only 2.4 months of homes on the market compared to an average of 3.9 month’s worth of supply in 2019. Demand is here to stay.
Source: The Wall Street Journal

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