Is The Red Hot Housing Market About To Cool Off?
“To sustain a high level of inflation requires more than a temporary imbalance between supply and demand — it takes a conscious behavioral change from both buyers and sellers in support of higher prices…the market is starting to behave like this has been a temporary imbalance rather than a structural shift in behavior. Not only are some builders choosing to slow down despite historically low housing inventories, sawmill companies aren’t in a hurry to expand capacity, choosing to rake in what they see as short-term windfall profits rather than invest for future demand that they’re not sure will materialize.”