Reported 15 days ago
Moody's economist Nick Villa highlights the urgent need for increased home supply to tackle America's housing crisis, asserting that while recent interest rate cuts may help, they alone will not resolve the issue. He emphasizes the importance of constructing a diverse range of housing types, particularly class B and C units, to meet the needs of various income levels, as the current focus has been predominantly on luxury apartments. With demographic shifts and rising rental prices, Villa advocates for a comprehensive building strategy to ensure affordability for all.
Source: YAHOO