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Is The New Construction Industry Building Too Many Homes?

By Joe Manausa - Tallahassee, FL

Real Estate Agent with Joe Manausa Real Estate 8508880888

March 08, 2022 07:44 AM

I was recently asked for my opinion on the number of homes being built in the US right now. The viewer wanted to know ... are we going to produce too many homes and see home prices drop again like 2008?

Too Many New Homes?

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Bob "RealMan" Timm

Ward County Notary Services - Minot, ND

Owner of Ward Co Notary Services retired RE Broker

The USA is just to BIG for such a general question. In 2008 when RE tanked in most places we were experiencing an oil boom and could not build enough. When we hit a bust the rest of the country seemed to boom Joe Manausa . I can say much the same for the State of ND. We are still in a slump but 100 miles to the South they can not build fast enough. It's just way to general.

Mar 08, 2022 07:51 AM

Joe Manausa - Tallahassee, FL

Joe Manausa Real Estate - Tallahassee, FL

Tallahassee Real Estate

That's makes perfect sense Bob, thanks for taking the time to comment.

Mar 08, 2022 08:01 AM

Peter den Boer

Atlanta Communities - Woodstock, GA

MBA,GRI, Associate Broker, Realtor

Don't think we can overbuild around here anytime soon. Such low inventory will take a while to fill up.

Mar 08, 2022 09:35 AM

Grant Schneider

Performance Development Strategies - Armonk, NY

Your Coach Helping You Create Successful Outcomes

Hi Joe - in general in the US I think we are way behind on new construction. I can't see that argument.

Mar 08, 2022 11:40 AM

Myrl Jeffcoat

Sacramento, CA

Greater Sacramento Realtor - Retired

With low inventory being an issue in many parts of the United States, I have concerned builders have been slow to build and take up the slack. However, I have noticed more building going on here in the Greater Sacramento region recently. That's even in spite of the outrageous cost of materials.

Mar 08, 2022 06:25 PM

CONGRATULATIONS Joe, on having this blog FEATURED in the Old Farts Club group!

Mar 08, 2022 06:26 PM

That's similar to my area Peter and like most others I've heard about

Mar 09, 2022 03:43 AM

Agreed Grant, though there have to be areas that buck the trend. Perhaps due to a declining population/economy?

Mar 09, 2022 03:44 AM

Myrl, I cannot even begin to imagine the cost of materials on your side of the Country. They are sky-high here too. Thank you for the feature in the OFC!

Mar 09, 2022 03:45 AM

Is The New Construction Industry Building Too Many Homes?

Too Many New Homes?

Comments(9)

Joe Manausa - Tallahassee, FL

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