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Chart of the Day: Short 1.5 Million Housing Units

Crews Bank & Trust Wealth Management Services Jun 27, 2024
Bar chart from 2000 to current with homes for-sale in blue and for-rent in yellow

Contents

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.
Chart of the Day

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Crews Bank & Trust Wealth Management Services
Crews Bank & Trust Wealth Management Services

Experienced professionals from our wealth management services team can help you achieve a bright financial future through investment strategies tailored to you. We’ll show you all of the options available and help you choose the ones best suited to you. We’ll provide high-quality, personal service as we work toward your goals together. Our Portfolio Managers do not receive commissions on trades; our recommendations of investments are based solely on your best interests.

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.

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