Hammer Time! New Home Construction Surged In March To Highest Since 2006

by confoundedinterest17

Hammer Time! Aka, can’t touch this … housing construction report.

Construction of new homes surged in March to the highest since 2006, just after the peak of the house price bubble in 2005.

We are primarily funded by readers. Please subscribe and donate to support us!

There is a critical shortage of homes for sale, even with skyrocketing prices.

When home price growth hit a peak in 2005, there was a rapid supply response in both construction and existing homes hitting the market. Today, we have a have even faster home price growth, but the lowest available inventory. But 1-unit structures started is only at December 2006 levels.




Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.