The Housing Shortage Will Only Get Worse
The housing deficit is worsening
“There are many reasons property values have ballooned over the last decade: favorable demographics, monetary policy (low interest rates), stimulus, and migration patterns, just to name a few.”
“But one of the most powerful and enduring variables that has pushed up pricing over the last decade is a shortage of housing units. Estimates vary on the size of this shortage, but they generally vary from about 1.5 million to 7 million units. And according to Realtor.com, the shortage is actually getting worse.”
Our Take
We recommend that everyone read the complete article found at the link provided below. There are numerous factors contributing to the ongoing shortage, particularly in Texas where we face unprecedented job growth and a constant influx of population. These elements, compounded by high interest rates, are driving up prices in the single-family housing market.
This is the reason we are concentrating on constructing new multifamily housing to accommodate the tens of thousands relocating to our state. Please join us by “Investing As One” to make new housing a reality for those flocking to Texas!
#multifamilyrealestate #multifamilydevelopment #multifamilyinvesting #privateequity #supplyanddemand
Source: BiggerPockets.com, March 15, 2024