Finance and Economics

Visit Calculated Risk

Lawrence Lindsey on Housing: It's Only Going to Get Worse

Posted on June 02, 2008

From Lawrence Lindsey: Everything you always wanted to know about the housing crash, but were afraid to ask.. Lindsey covers a number of topics (hence the title), but here are some short excerpts on inventory and demand: There are 129 million housing units in the United States, comprising owner-occupied, rented, and vacant units. Of these, 18.5 million are empty. This vacancy rate is 2.5 percentage points higher than it has been at any point in the half century the data have been tracked, translating into at least 3 million too many empty housing units in the country. This number, moreover, is...

Original article link


economy , housing , housing crash , housing inventory , real estate , real estate bubble