Derek McGowanLoan Officer / Owner, McGowan Mortgages · Branch Manager & Top-Ranked Mortgage Advisor

💫 Increase in Refi’s Limiting New Homes 💫

18 Jul 2021

Watch on YouTube

This is a YouTube video titled "💫 Increase in Refi’s Limiting New Homes 💫" containing a monologue by Jordan Harbinger discussing housing market trends from the 1970s through the 2010s, highlighting the impact of the 2008 financial collapse on new home construction and resulting shortages. The content is informational and presented by a single speaker.

Things in the housing market that you may not know about. An interesting new study shows that in the 70s, 80s, 90s, and 2000s on average, each decade produced 26 million new homes on the market. Due to the 2008 financial collapse, the 2010s only had 6 million new homes as builders really halted their progress. So this shows that for the last 10 years, the housing market has been far behind the previous trends of previous decades, causing more shortages.