The U.S. housing shortage may be turning into a housing glut.

For years, we've been told America simply isn't building enough homes. That may have been true. It isn't looking that way anymore.

Over the past 12 months:

1.35 million homes have been completed while only 500,000 jobs have been added.

That's 2.7 homes completed for every new job created. Look at the historical relationship.

Before COVID, job growth consistently outpaced new housing supply. Today, the relationship has completely flipped.

And we're seeing the consequences in many Sun Belt markets:

Florida. . .Texas.. . .Tennessee. . .Georgia. . . Arizona.

Home prices are falling

Rents are falling

Inventory is piling up

Builders are offering Amazon-like Prime Day Sales

This doesn't mean every market has too many homes.

It means the idea of a nationwide housing shortage is becoming increasingly difficult to defend.

But all this "bad news" is good news, creating buying and investing opportunities we haven't seen in years.

If you're waiting for the "right time" to start investing, here's the problem:

You'll never know it's the right time until you look back and see that it was.

Investors who do well in changing markets aren't the ones who predict the bottom.

They're the ones who know how to recognize an opportunity when they see one, and act on it.