This is a YouTube video titled "🏡 Housing Inventory Determining House Prices 🏡" containing a monologue or single-speaker commentary from November 28, 2021, discussing the shortage of housing inventory, builder confidence, and the expected rise in house prices over the next year or two. The content focuses on real estate market trends and new home construction statistics.
There's no secret we're way short on housing inventory. Now. The biggest factor that will determine how much longer this will continue is how quickly builders can get enough houses to the market. The latest report that came out today shows that builders are down 11% year over year on new home starts. So even the beginning signs are not showing houses are coming anytime soon. So many reports are showing the next year or two house prices will continue to see this kind of rapid increase. The silver lining is that builder confidence is still super strong. So there's no concern that the market's weak. It's just going to be one that sees house price increases for the foreseeable future.
