The Overshoot

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

theovershoot.co

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

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

Matthew C. Klein
Jul 26, 2021
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"Surge Pricing" is Over for U.S. Housing

theovershoot.co

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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