Quote:
Originally Posted by opendoor
I imagine the thinking is that in the current environment, nowhere has hit maximum production capacity. Housing starts in Q1 + Q2 2023 were about 15% lower than they were in that same period in 2021 and 2022. That's a consequence of interest rates and macroeconomic conditions, rather than labor supply, zoning, or permitting. So the government likely thinks if they can tip the scales to make some non-viable projects become viable all of the sudden, then they can get housing starts back up closer to maximum capacity.
|
I still kind of believe the permitting is a problem Moreso than others. Maybe not in new communities, but when rebuilding in inner city there is lots of delays here with the city and nimby community associations etc