From these two graphs we can determine the state of the US housing market. The number of houses being built per year is slower than it was in the 2000s. The price of housing has increased.
Lower supply, increase or keep demand the same. This is why prices will rise.
According to the National Association of Realtors, over 80% of home buyers are buying their only home. Second home buyers are not the primary reason the market is increasing in size.
We need more housing to be built. We need supply to increase substantially to fulfill the demand for houses. We need condos and mixed use neighborhoods. By reducing demand for rentals, the cost to rent will go down.
The rate of housing being built does not correlate with the unemployment rate.
We need to build high density mixed-use neighborhoods with condominiums. Then the cost of housing will go down.