Housing shortage will continue to be a problem

I don't expect resident property price will drop too much. Commercial is totally different story.

https://www.zerohedge.com/personal-finance/us-housing-starts-permits-plunge-5-year-lows

• Housing Starts fell 30.2% MoM in April (worse than the 26.0% drop expected and accelerating considerably from the 22.3% drop in March). This is a record drop.

• Building Permits fell 20.8% MoM in April (better than the 25.9% expected)

• Single-family permits plunged 24.3% to 669K, lowest since March 2015, and multi-unit permits dropped 12.4% to 373K, lowest since Feb 2017.

• applications to build are a proxy for future construction, and the biggest drops were in the Northeast (-45.5% for single-family) and West (-33.2% for single-family).

所有跟帖： 

• 4月dead month, 很多数据严重失真！比如我们村listing 同比去年下降90%，purchasing 下降70%。 -可口可言- ♀ (0 bytes) () 05/19/2020 postreply 07:57:31

• 这是政府出的数据 -越王剑- ♂ (65 bytes) () 05/19/2020 postreply 08:05:08

• 这里是这样， inventories low -喜喜哈哈- ♀ (0 bytes) () 05/19/2020 postreply 08:08:29

• 不会掉。整个经济形势以及失业人数跟房市的相关度几乎为零。 -sweetptt- ♂ (47 bytes) () 05/19/2020 postreply 08:08:59

• 好像股市也是不管不顾的 -AMYMINT- ♀ (0 bytes) () 05/19/2020 postreply 08:19:16