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The U.S. housing shortage may be turning into a housing glut. 1.35M houses have been completed over the last 12 months. Verse only 500,000 jobs being created. The resulting 2.7x supply to job growth ratio is the highest on recent record. And a huge departure from the pre-pandemic era, when annual job growth was more than double housing completions. This disconnect is now resulting in oversupply in many Sun Belt markets. And causing home prices and rents to drop in high supply states like FL, TX, TN, GA, AZ, and CO. Which is ultimately good news for buyers. To see how supply is impacting your market, search your ZIP at: https://t.co/pDYRv39Ye9

nickgerli1 ↗