Chart of the Day: Short 1.5 Million Housing Units
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Today’s Chart of the Day from ResiClub shows that the US housing market is short 1.5 million housing units. As with all things, the causes, fixes, and effect on our economy are part of a long equation, much too long for this post.
One thing that always stands out in my mind is the dearth of people willing to work in the trades needed to build houses.A study from Bloomberg shows that 43% of people wouldn’t work in construction at any level of compensation. Thankfully, there has been an increase of 11% annually in trade school enrollment, which may help alleviate the issue in coming years.
Samuel serves as Senior Vice President, Chief Investment Officer for the Crews family of banks. He manages the individual investment holdings of his clients, including individuals, families, foundations, and institutions throughout the State of Florida. Samuel has been involved in banking since 1996 and has more than 20 years experience working in wealth management.
Investments are not a deposit or other obligation of, or guaranteed by, the bank, are not FDIC insured, not insured by any federal government agency, and are subject to investment risks, including possible loss of principal.