Housing is basic capitalism: supply and demand. These are the new prices. They are the comps. This is what people will pay for a limited resource in a specific location and condition.
Just using 2021 housing starts as a baseline (1.7M), we are 9.028 million houses short nationally by using the Census Bureau annual starts (below). Other estimates put us closer to 10.5 million houses short nationally.
High demand areas such as Frisco, Texas are shorter on supply than demand. Consequently, prices and appreciation are higher than rural areas included in national numbers.
Please look at the housing starts since the year 2000.
You can also download the Census Bureau housing start data as a spreadsheet.
Mark M Hancock, GRI, MRP, AHWD
REALTOR, New Build certified
214-862-7212
DFWmark.com
#DFWmark #REALTOR #MarketWatch #HousingStarts #SupplyAndDemand #Construction #NewBuild #HousingShortage #CensusData #NoCrash
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