General World News

Builders apply the brakes amid canceled contracts

The best way to fight inflation is to add more supply, and when I look at the housing completion data for the past two years, it just makes me want to puke. In previous expansions, builders’ housing completion data would move in line with housing starts and permits. However, for the first time in recent modern-day history — due to supply chain issues and other factors — housing completion data has lagged behind housing permits and starts.

It simply has taken too long to build homes to full completion over the last several years. At different times we’ve seen homes details ⇒

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