[1]Earlier we showed what was driving the housing market: nothing but rental construction [3], as the average American can no longer afford the American dream of a suburban, picket-fenced house. Next, we show where this building panic is taking place.
The 160% "answer" is highlighted in the charts below.
[4]
Source: Census [5] [5]
- advertisements -
Links:
[1] http://www.zerohedge.com/users/tyler-durden
[2] http://www.zerohedge.com/taxonomy_vtn/term/11275
[3] http://www.zerohedge.com/news/2015-07-17/rental-builders-go-berserk-multi-family-permits-soar-most-1990
[4] http://www.zerohedge.com/sites/default/files/images/user5/imageroot/2015/07/Rentals%20Northeast%20Y0Y_1.jpg
[5] http://www.census.gov/construction/nrc/pdf/newresconst.pdf