U.S. Housing Market Short 3.8 Million New Homes
News Corporation - Class A (NWSA)
Last news corporation - class a earnings: 2/6 04:45 pm
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investors.newscorp.com/investor-relations
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Source: PR Newswire
SANTA CLARA, Calif., Jan. 21, 2020 /PRNewswire/ -- As the new decade begins with a strong economy and low interest rates, home buyers still face a big hurdle -- extremely low inventory. An analysis released today by realtor.com® found that the 5.9 million single family homes that were built between 2012 and 2019 are simply not enough to offset the 9.8 million new households formed during that time. At the end of 2019, homebuilder confidence reached a two-decade high, driven in large part by robust economic growth. Single family home starts per 1,000 households grew from 4.6 in 2012 to 7.3 in 2019, taking the eight-year average to 6.2. And while that growth was needed, levels still remain well below the two-decade average, according to realtor.com®'s findings. Realtor.com® economists estimate that even with an above average pace of construction, it would take homebuilders four to five years to get back to equilibrium. "Simply put, new home starts are not keeping pace with demand. Homeb
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News
- Realtor.com® Calls on Industry to Join Campaign to Stand up for Buyer RepresentationPR Newswire
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NWSA
Earnings
- 2/7/24 - Beat
NWSA
Sec Filings
- 4/23/24 - Form 8-K
- 4/22/24 - Form 8-K
- 4/19/24 - Form 8-K
- NWSA's page on the SEC website