Here's the rental vacancy rate since 2005 for the ten largest metro areas in the country:
The average vacancy rate for the top 75 metro areas has declined from 10.1% after the end of the Great Recession to 7.1% just before the pandemic to 5.7% in 2022.
A coworker is moving from Michigan to Raleigh, NC and having a hard time finding apt. Oh well. He’ll be homeless?
Anyway… it’s not the demand… it’s the supply.
“There is also a shortage of truckers, reflecting policy failures in the regulation of trucking. It’s not clear how engineering a recession with interest rate hikes would cause more truck drivers to materialize.”
https://prospect.org/blogs-and-newsletters/tap/its-supply-stupid-economy-inflation/
Nope. You mean there was a trucker shortage, not anymore.
well, there's some decent evidence of a housing shortage (in metro areas)