Economic data will be dismal through the second quarter, but it is possible to look beyond the recession of 2020 and its viral roots and explore possible long-term impacts on housing and the economy.
Housing entered the recession significantly underbuilt. Estimates vary, but based on demographic need and NAHB modeling, the U.S. has a housing deficit of about 1 million residences. Freddie Mac estimates the shortage may total 2.5 million homes. While the causes lie on the supply-side of the market… Click Here to Continue Reading