America isn't building enough new housing [MSN Money]
Zillow Group, Inc. - Class C Capital Stock (Z)
Last zillow group, inc. - class c capital stock earnings: 8/6 04:06 pm
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Source: MSN Money
America isn't building enough new housing If you’re looking for good news in the housing market, there’s this: Pric ar’t likely to crash the way they did in the historic bust of 006-09. During the last boom, buyers, lders, and builders were swept up in speculation, and pric soared ev as a flood of new hom came onto the market. That unsustainable combination don’t exist today. “A crash is just not something that I see in the cards, ev at the local level,” says Greg McBride, a chief financial analyst for Bankrate.com. Rather than heading for another bust, we’re still feeling the effects of the last one. Aggrsive homebuilders were wiped out, and the survivors are cautious about working on spec. Smaller builders that rely on borrowing can’t supercharge construction, ev if they want to, because their bankers are afraid of making loans. Ev after a gradual rebound from its nadir in early 009, the rate of starts on erecting single-family ridc remains below the level of the early 960s, wh the
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