Significant Housing Shortage

[Devin James]

This chart illustrates the significant shift in housing supply over the past two decades.

The recent undersupply has created serious affordability challenges.

This data confirms what many of us already feel in the market: we need more housing.

[Mike H.]

It doesn't help that interest rates are relatively high compared to the last few years and seem to be going up with the new inflation news and such.  And it also doesn't help that we're putting tarriffs on a bunch of key materials (steel and aluminum) which is going to drive up the price of materials yet again.  And if the 25% tariff hits canadian lumber, then everything is going to shut down.

I'd like to know when this country is going to actually do something to help new construction. The local govts aren't getting better they're getting worse.