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scepticalbob t1_izyqm95 wrote

Reply to comment by TerryScarchuk in I’m Cornelius Hurley, academic, lawyer, 14-year director of a Federal Home Loan Bank. Ask me anything about the FHLBs. by ProfBU

Your comments are accurate, but new construction numbers are well below where they were in 2008, and overall percentage of home ownership is waaaay below 08

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TerryScarchuk t1_j056v7a wrote

Right, but the reason for NC numbers being so low is that so many builders are out of the industry, and those that remain are hesitant to break new starts. That trend has existed for over a decade.

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