Friday, August 28, 2009
Financial crisis cripples new affordable housing
A major housing shortage is on the way as the level of construction continues to be frighteningly low. Given population growth and the need to replace housing stock over time, there is just not enough being built. I have been putting up posts on this on a regular basis. This is why I like builders.
If we don't make up for what we will be needing as far as housing stock is concerned, America in a decade or two may look like a very scary place, with millions of homeless and otherwise dilapidated and ramshackle housing conditions.
Read my report on housing and the homebuilders. It will shock you!