The 2010s marked a lost decade for US homebuilding. The number of homebuilders declined 50% between 2007 and 2012 in the US, and the GFC caused a massive hole in personal savings and equity, meaning that fewer people could afford a home. This drove a shift towards renting and away from owning across all age groups. The supply-demand mismatch is greatest for entry-level single family housing.
Structural tailwinds for US homebuilders
Structural tailwinds for US homebuilders
Structural tailwinds for US homebuilders
The 2010s marked a lost decade for US homebuilding. The number of homebuilders declined 50% between 2007 and 2012 in the US, and the GFC caused a massive hole in personal savings and equity, meaning that fewer people could afford a home. This drove a shift towards renting and away from owning across all age groups. The supply-demand mismatch is greatest for entry-level single family housing.