January 3, 2007
JUST WAIT FOR THE IMMIGRATION AMNESTY:
Pop-Free Housing Slowdown: The residential real estate market is still healthy, as yet more data show. (Jerry Bowyer, 1/03/07, National Review)
Though many referred to the record housing boom of recent years as a “bubble†— while eagerly awaiting the “pop†— that boom has been followed only by a moderate leveling-off, as the chart above shows.Posted by Orrin Judd at January 3, 2007 9:55 AMLooking ahead, while we’re constructing and selling about 1 million new homes per year, the U.S. population is growing by roughly 1.5 million annually. This will inevitably lead to a further rise in home sales, at which point the headlines undoubtedly will question our ability to house all the new people.
"while we’re constructing and selling about 1 million new homes per year, the U.S. population is growing by roughly 1.5 million annually."
Aren't most homes occupied by more than 1.5 persons? If the average home were occupied by 3 people, then we would only need 500,000 new homes to house the 1.5 million. 1 million new homes may be more than enough...
Posted by: Keith R at January 3, 2007 4:59 PM