High home prices drive new construction, not vice versa
morehousing.substack.com
Where home prices are high, people want to build more, and you get more new construction. Where home prices are low, you get less new construction. There's a lot more new construction in Vancouver than in Saskatoon. In Vancouver, quite a few people think it's the other way around, that new construction causes high prices.
High home prices drive new construction, not vice versa
High home prices drive new construction, not…
High home prices drive new construction, not vice versa
Where home prices are high, people want to build more, and you get more new construction. Where home prices are low, you get less new construction. There's a lot more new construction in Vancouver than in Saskatoon. In Vancouver, quite a few people think it's the other way around, that new construction causes high prices.