A view of life and commercial real estate from Newark and Licking County, Ohio
Saturday, March 26, 2022
An opinion on the housing market.....
Some people think it’s a bubble because prices are rising so fast but there are so many other variables at play that I’d label it unhealthy rather than euphoric. . . . "While demand is strong, supply is short and constrained, the ability to actually build and deliver homes has been slowed by the supply chain that is all but broken, by the workforce that is short in supply, and the intense competition for scarce and titled land assets." . . .
Unfortunately, even if we wanted to build more houses right now, it’s basically impossible with all of the supply chain issues and worker shortages.
The supply chain is all but broken and maybe the housing market is too.