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200 sats \ 0 replies \ @Scoresby 7h \ on: How will the housing market correction look? econ
Here's a chart of yearly new housing starts and annual population growth.
The US wasn't building very many houses for a number of years after the GFC. Now we are getting back to "normal" numbers. I'm not sure that a real crash is coming. feels like there should be a crash because interest rates and crazy high home prices, but people gotta live somewhere...
Data is from St Louis Fed, and the weird spike in the population growth line in 2000 is because of a change in how they did the census.