Really? Since millenials are going to be buying most of the houses over the next 15 years this suggests that housing starts will go up dramatically. Look at previous housing shortages, people returning from WWII, baby boomers entering the market, and now millenials. So demand goes up, clearly a lot of them are unserved by current prices, so developers figure out how to make houses they can afford to capture that demand.
A more interesting question is whether or not they want houses. It seems that with work mobility its simpler to just rent for a lot of folks. That drives interesting price inversions where it becomes cheaper to buy than to rent because people don't want to be "tied down" to a particular place.
A more interesting question is whether or not they want houses. It seems that with work mobility its simpler to just rent for a lot of folks. That drives interesting price inversions where it becomes cheaper to buy than to rent because people don't want to be "tied down" to a particular place.