U.S. housing market needs fewer new homes due to slower population growth

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U.S. housing market needs fewer new homes due to slower population growth
J.P. Morgan’s David Kelly suggests the U.S. housing market’s issue may be a smaller population rather than a shortage of homes. He estimates the U.S. now needs 320,000 new homes annually, down from about 1 million.
Why it matters: Slower population growth due to immigration enforcement could affect housing demand and market dynamics.
Sources: Fortune

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