NAR Study Says Years of Underbuilding to Blame for Housing Shortage
Pro Builder
JULY 19, 2021
In 2009 the opposite issue burdened the market: There were too many homes for too few buyers. Home prices and rents are rising rapidly because of the severe lack of supply, says the Washington Post, and the study says low supply results from years of underbuilding. But with economic recovery came the increase in home prices and rents.
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