"a shortage of new properties for sale is keeping prices aloft despite a jump in mortgage rates and double-digit inflation"

This is why the private sector will never solve the housing crisis. Why build two houses when you can sell one at three times the price?

#Housing #RationalMarket #CommonWeal

https://www.bloomberg.com/news/articles/2023-04-23/uk-home-sellers-slow-pace-of-increase-in-property-asking-prices