Hedge Fund
Can 3D Printed Homes Help Alleviate The Housing Shortage? March 26, 2021
Shortage of New Home Construction Causing Disruption
The United States is currently undergoing a residential housing boom, as evidenced by a short supply of homes for sale and soaring home prices. Surprisingly, this is occurring following a year that experienced the highest unemployment rate since the Great Depression. It is counter-intuitive to think it is possible to be experiencing such high levels of unemployment, and the highest economic uncertainty in over a decade, and yet residential housing demand is red hot.
There are several factors that have led to this situation. However, one of the biggest is that the residential real estate market is in the midst of an historical supply/demand mismatch. Emerging from the housing recession of 2008/2009, many large homebuilders severely cut back on new home construction. This was understandable given the state of the residential real estate market at that time.
To view the entire post click here.