Shortfall in Single-Family Production Almost All in Moderately Sized Homes

From housing economist Tom Lawler: While single-family housing production has continued to recover, the overall level of production – in terms of units – has been well short of consensus forecasts from a few years ago. In looking at the production "shortfall," the one thing that is striking is that production of moderately sized homes has barely recovered from the cyclical lows, while production of big homes (3000+ square feet) has been running at a higher pace that in all but one year of the 1990's. Click on graph for larger image. Before going into the distribution of single-family housing......(read more)

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