Odd Lots
We’re Seeing in Real Time Why We Don’t Build Enough Homes
Construction workers frame a new home being built by CastleRock Communities in the Sunfield neighborhood of Buda, Texas, U.S., on Wednesday, Nov. 10, 2021.
Photographer: Matthew Busch/BloombergThis article is for subscribers only.
In his very last answer at yesterday’s press conference, Federal Reserve Chairman Jerome Powell talked about the shortage of homes:
Indeed. Mortgage rates have surged in response to the Fed tightening.