Only Time Will Tell Whether Buyers Who Overspent to Purchase their Homes Will Recoup their Investments

Washington Post, Sept. 13, 2021–Ilyce Glink, Samuel J. Tamkin
“Single-family starts remain almost 12 percent higher than last year. There are now almost 690,000 single-family homes under construction — the largest number since 2007. This is clearly a positive sign given the remarkably low levels of inventory on the market,” noted Mike Fratantoni, senior vice president and chief economist of the Mortgage Bankers Association.