patrick.net

Even if you take the 'low' population increase of 9.7% between 2000 and 2010, you are looking at just shy of another 30 million people who will be living in the USA by 2020...nearly the entire population of Canada or of California. These folks are going to have to live somewhere.....over the last several years, there has only been 500K-700K housing starts per year. I am guessing this is at least 50% of what the required supply needed is if you average 2 persons/housing start. Of course we have been told repeatedly that there are gazillions of empty houses out there held by the banks....and that may in fact be true...but it does not help anyone if they remain empty and not utilized.