The Overshoot

The Overshoot

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The Overshoot
The Overshoot
"Surge Pricing" is Over for U.S. Housing
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"Surge Pricing" is Over for U.S. Housing

Fears of another bubble are looking increasingly misplaced as supply and demand rebalance.

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Matthew C. Klein
Jul 26, 2021
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The Overshoot
The Overshoot
"Surge Pricing" is Over for U.S. Housing
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The temporary shortage of new single-family U.S. homes for sale has abated thanks to a jump in construction completions and a moderation of consumer demand. Recent data on construction starts, permit applications, new home sales, and inventories of homes for sale are all pointing in the same direction: after a brief spike in prices, the American single-…

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