Analysts are indicating it may take years for the housing shortage to recover, and the reasons for the shortage are not factors that developers can control. Developers may want to pivot to reuse and redevelop options to thrive in during the housing shortage.
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Reuse May Be the Key to Housing Industry Shortages
Housing inventory could take years to recover from its current record lows, experts told U.S. News & World Report, citing supply chain difficulties and lasting repercussions from the 2008 financial crisis, as well as an influx of millennial buyers in the market.
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