@twitskeptic Crap, I missed the population part of the graph 🤦🏽♂️
The graph is showing thousands of units per thousand people. But we’re talking *millions* of people and *thousands* of housing starts.
The housing ‘growth’ begins at 2 units per 1000 people and jumps to 5 units per thousand people. Statistically that is 250% growth.
But for every 1000 people, at best the new units can house ~13 people (I’m generously assuming 2.5 people per family). That’s not even making a dent in housing supply.
@twitskeptic Crap, I missed the population part of the graph 🤦🏽♂️
The graph is showing thousands of units per thousand people. But we’re talking *millions* of people and *thousands* of housing starts.
The housing ‘growth’ begins at 2 units per 1000 people and jumps to 5 units per thousand people. Statistically that is 250% growth.
But for every 1000 people, at best the new units can house ~13 people (I’m generously assuming 2.5 people per family). That’s not even making a dent in housing supply.