Housing Bubble 2: Return of the Ugly

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A community for discussing and documenting the second great housing bubble.

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SeattleRain@lemmy.world

A massive bubble in the South is about to pop (lemmy.world)

submitted 4 months ago by SeattleRain@lemmy.world to c/housing_bubble_2@lemmy.world

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https://x.com/nickgerli1/status/1810284154451378414

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[–] Today@lemmy.world 3 points 4 months ago (1 children)

I'm having a hard time finding info that supports this. Texas currently has just over 100k homes for sale - thats total homes, so new builds (as this chart shows) would be significantly lower. This is high, but definitely not the highest ever and it was higher 3x since 2018. I didn't check the other southern states. I'm not saying it's wrong, just that i couldn't find support for it. If you do, please share.

[–] Today@lemmy.world 7 points 4 months ago

Here's the website that shows new homes for sale. It does verify 300k in the south. i didn't expect the South (299k) to be over half of the total US (480k). https://www.census.gov/construction/nrs/data/series.html