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Yep. We are nowhere close to where we need to be on new housing starts to meet demand. Covid has not done us any favors either.@RedSavage Housing construction never really went back to normal levels after late 00s crash. Now we've got a generation that's finally in a financial position where buying a house is feasible (about a decade late), but construction of new housing units is so far behind that there's probably no real chance of it catching up. Welcome to the new normal.
Even then, it will take years to even get close to where we need to be, IMO.Even after rates go up it will take a bit for inventory to catch up.