JAN 25, 2018
ORIGINAL SOURCE: Rising Rates and Decelerating Deficits Spell Doom For Housing (Again) by Chris Hamilton at Economica on 1/22/18
There are many interplaying factors in determining housing growth and demand. Here are a few, reflected in the chart below.
Note that housing starts now outpace the population growth of the group responsible for the vast majority of new home buying: everyone under the age of 66. This is unprecedented.
All other economic considerations aside, what could be a more basic and bearish supply/demand imbalance than this?
Please read the rest of the report here; Rising Rates and Decelerating Deficits Spell Doom For Housing (Again)