Real Estate Supply constraints continue to drive market
According to PIMCO, the worlds largest bond fund we are now at 13 year inventory lows and housing starts for new construction is at all time lows. Quite simply we are not building enough to meet the current public demand. If this pace continues we are actually headed to a supply shortage. Its odd to say that considering only 6 years ago we had a housing glut but the reality is that builders for the most part stopped building even though demand was there to a reduced degree. Our unemployment rate is sitting at 6.7% and continues to drop further placing pressure on the demand side of real estate.
Category : News