Construction of new housing in the past 20 years fell 5.5 million units short of long-term historical levels, according to a new industry report
Construction of new homes in the last two decades lagged behind historical levels, contributing to the recent surge in house prices, according to a National Association of Realtors report that calls for a “once-in-a-generation” policy response.
June 16, 2021 5:30 am ETConstruction of new housing in the past 20 years fell 5.5 million units short of long-term historical levels, according to a new National Association of Realtors report, which is calling for a “once-in-a-generation” policy response.
The industry lobbying group said it hopes the report, set to be released Wednesday, persuades lawmakers to include housing investmentsin any infrastructure package.U.S. builders added 1.225 million new housing units, on average, each year from 2001 to 2020, according to the report, which was prepared for NAR by Rosen Consulting Group LLC. That figure is down from an annual average of 1.5 million new units from 1968 to 2000.
The 5.5 million-unit deficit includes about two million single-family homes, 1.1 million buildings with two to four units and 2.4 million buildings of at least five units, the report says.“The scale of the problem is so large,” said David Bank, senior vice president of Rosen Consulting Group and one of the report’s authors. “We need affordable [housing], we need market-rate, we need single-family, we need multifamily.” headtopics.comRead more: The Wall Street Journal »
Delta variant surges across U.S. South; political leaders clamp down again
The U.S. states of Florida and Louisiana were at or near their highest hospitalization numbers of the coronavirus pandemic on Monday, driven by the still-spreading Delta variant, as one doctor warned of the 'darkest days' yet.
very ugly design All the same I can see why Elon Musk sold (or is selling) his last house Tell this to the radical in the gop party who seems to think that infrastructure is not necessary and important. The gop is the party of Obstacles and not Progress. We need to call them out on their lies, mistruths, and denial of the fact people want stability, jobs, and homes
What can be done about the housing crisis? The wealthy and foreign investors buy up properties so that the average person can't afford to buy a home. Landlords are price gouging on rent. Soo blackrock starting a government subsidized housing development company now or... It is better for Biden to let the Economy dip now rather than later. It is still under the shadow of Trump and his policies. Fed extending the rally got it all wrong.
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WSJ News Exclusive | U.S. Fight Against Chinese 5G Efforts Shifts From Threats to IncentivesWashington is ratcheting up pressure on Beijing’s 5G ambitions overseas, offering financial incentives and other enticements to countries willing to shun Chinese-made telecom gear. What’s the origin of the federal reserve? Evacuation is exactly the correct word SecBlinken ! The SIV program cannot save our Afghan wartime allies in the time we have left. USEmbassyKabul closed due to covid19. Only POTUS ordering the GuamOption evacuation OurFriendsAreDying SaveOurAllies GetThemToGuam Can’t wait for all this saber rattling to lead to yet more endless military expenditures as our civil society falls apart.
WSJ News Exclusive | Platinum Equity Strikes Deal to Buy McGraw Hill From ApolloPrivate-equity firm Platinum Equity agreed to buy textbook publisher McGraw Hill from Apollo Global Management for about $4.5 billion, people familiar with the matter said I'm a fan of McGraw Hill Proud of our team! We transformed a majority print publisher into an edtech giant — and worked really hard to execute this transaction. This is a growth story. Tech-enabled, personalized learning has never been more important PlatinumEquity Yatırımıcınıza sahip çıkmalısınız You need to take care of your investor ArmAdA Bilgisayar Sistemleri Ingram Micro Platinum Equity Borsa İstanbul AŞ Tom Gores Ali Baghdadi Dr.Yasemin YUCEL KARASU armada ingrammicro platiniumequity tomgores alibaghdadi bist100 bist spk
WSJ News Exclusive | Medical-Debt Charity to Buy, Wipe Out $278 Million of Patients’ Hospital BillsRIP Medical Debt, which uses donations to alleviate unpaid medical bills, reached a deal with Ballad Health to buy—and wipe out—debt owed by 82,000 low-income patients, many of whom shouldn’t have been billed at all Wow what a cool country Excellent news Great job !
WSJ News Exclusive | New Book Publisher Caters to Conservative Voices It Says Are Being SilencedTwo veteran book-publishing executives have teamed up to launch a conservative publishing house. “I’m increasingly concerned and somewhat outraged about what’s going on in terms of free speech and free press.” By 'free speech' they mean 'the ability to make money off of absolute 100% Grade A BULLSHIT from people who are notorious con men, cheats, and imbeciles.' good
WSJ News Exclusive | Investors Clamor for a Bigger Piece of Payments Company StripeStripe isn’t a household name, but the fintech is now the most valuable private company in Silicon Valley. Investors bought roughly $1 billion in a recent tender offer, and they would have bought more if they could. Very cool for Shopify. They have been on investment spree lately in all of these companies… • Stripe, Global-e, Swyft, Pipe, Affirm, and Bench. Each of these companies that $SHOP recently invested in have potentially HUGE growth ahead.
RIP Medical Debt wipes out $278 million of medical debt: WSJNational charity RIP Medical Debt just wiped out $278 million of medical debt for over eighty thousand Americans, Wall Street Journal reports this is terrible news