Apartment Builders Didn’t Get the Housing Slump Memo

October 20, 2022

Bloomberg, Oct. 20, 2022–Justin Fox
The housing market is in tough spot, with 30-year mortgage rates averaging more than 7%, housing starts and prices falling, and those in the know predicting worse times ahead. So why were more than 1.7 million housing units under construction in the US in September, a new high?
https://www.bloomberg.com/opinion/articles/2022-10-20/housing-slump-memo-didn-t-reach-apartment-builders