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fewer housing projectsCNBC
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67% Informative
Both 2024 presidential candidates have ideas to fix the housing market, but neither seems to prioritize a key underlying issue.
A lack of competition is also contributing to the low supply of housing.
The typical newly built home in the United States cost about $417,000 in June 2024 , a slight decline from 2022 .
The two biggest home builders in the U.S. are Dr. Horton and Lennar . Both have outperformed the S&P 500 between August 2014 and August 2024 .
The two have acquired competing firms in the years after the Great Recession .
Experts believe that the industry became less productive as its lead companies consolidated.
No matter who controls the White House , the president will need to rely on the other wings of government to address the housing shortage.
Ultimately, it's a function of the number of permits that are made available to the builders. The demand is going to keep increasing. It's going to take time to really resolve that shortage that we have built up for decades .
VR Score
77
Informative language
79
Neutral language
58
Article tone
informal
Language
English
Language complexity
37
Offensive language
not offensive
Hate speech
not hateful
Attention-grabbing headline
not detected
Known propaganda techniques
not detected
Time-value
short-lived
External references
no external sources
Source diversity
no sources
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