The current oversupply concerns mirror past housing crises, but unlike 2008, recent data shows builders are catching up to a long-standing deficit in home construction.
Data reflects a period of underbuilding following the 2008 crisis, with recent new construction just now aligning with the historical averages for homebuilding.
Builders are adjusting their construction rates in response to high mortgage rates, indicating a calculated and cautious approach rather than reckless oversupply.
Despite the increase in new homes, the historical shortfall created by over a decade of underbuilding means there is no immediate risk of market oversaturation.
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