How is the slow down in Housing Construction Hurting the Market?

[william the wie]

While the expected global slow down is having much less effect on the US than might be expected the lack of affordable housing has gone just p-lain crazy.

 

[candycorn]

Housing is everything. Fewer housing starts means fewer washers and dryers, refrigerators, air conditioning units, etc…

 

[petro]

As far as high end housing. No end in site in Twin Cities for us. We can't keep up with demand. Shortage of framers in area with wait times on house starts increasing.
Affordable housing? Frankly, no money in it. Overhead way to high.
Thank city permit costs, lot pricing, inspections, material costs. Most builders have given up on the lower end market. No profit. Not in business to break even.

 

[william the wie]

But new construction is a huge economic multiplier and Mcmansions are always built in high risk areas. They are annuities not one shot deals.