Tin Hats & Market Forecast

[Brad Jacobson]

After seeing very little new home construction for about 10 years after the 2007-2008 crash and now seeing unprecedented amount of new home construction, how long do you think the housing bull market will continue?  How long will it be until we: 

(1) catch up to the current demand

(2) overbuild and threaten another bubble

Have we already caught up, overbuilt, have 1-3 years to go, or have longer than three years to go before we see another significant dip in prices?

Personally - I think we're getting close to having caught up to the demand because most first-time home buyers have either bought or unfortunately been priced out of the market.  However, I don't think we've yet overbuilt because there are still a lot of hungry house buyers who need more affordable inventory on the market.  What do you think?