In the article "Surprise Demand for Housing Catches Industry Off-Guard" by Catherine Rampell, she explains the sudden issue about housing in America. The amount of people buying houses has never been higher than right now. Realtors are in distress about not finding homes right for families. Construction workers have an extremely overwhelming amount of work to be done in short periods of time. The people of America are living in conditions no human should have to, all because there is a shortage of housing. People could probably find houses easily but the prices in the past year have gone up 7.3%. There are many urgent deadlines for houses that need to be built and there are very little skilled labor workers to quickly complete the jobs. Obviously this is a disasterous issue.
I think that this is so shocking. I mean, I knew that the housing economy was bad but i didn't expect it to be this bad. Some cases of pricing are just horrible. In Phoenix the prices rose 23%. I see this happening all around me. The house next door to mine has recently been renovated and is now worth around 2 million dollars. That's crazy, yet people are still moving in and buying the apartments. I dont understand where all these extremely wealthy people are coming from. I thought that our nation was in a state of extremely low income families, so I don't understand how all these people suddenly have the money to purchase these super expensive houses. Beyond that issue there are very few workers available to complete these jobs. There are such extreme deadlines and so much to be done, especially with the new push on having your house be extremely modern and technological.
SOURCE: http://www.nytimes.com/2013/03/21/business/economy/in-us-surprise-housing-demand-catches-industry-off-guard.html?_r=0&adxnnl=1&ref=us&pagewanted=1&adxnnlx=1363813262-3On4lMycwFd1AljT1TaGjQ
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