We should be buying a million new homes per year
New home sales increased by 71,000 in July, bringing the total number to an annualized rate of 739,000. Adjusted for population, this is 2.19 new houses sold per thousand people: This looks pretty healthy: we're holding steady at the level from just before the pandemic. But if you zoom out and take a longer view, ...continue reading "We should be buying a million new homes per year"