Yeah, I’ve seen a lot of “we’ve been building a ton and prices are still high” comments on Nextdoor and heard the same in person. Not sure if it’s all in good faith, but some people at least seem to be persuaded by what you’re talking about.
the issue is the reference frame. We are building a lot relative to 2009 to 2013, but that time period was a historic aboslute low point in new housing starts, the "boom" that were in now has less new housing production that the majorith of previous "busts" since WWII
Yep, I think that has a lot to do with it.
"We've been building a ton" is false though. That's the error there.