Housing inventory is low - why?

[Karla Simmons]

Just throwing this out there to hear peoples opinions. I don’t know the answer myself, that’s for sure. Everyone is always talking about housing inventory being low. 18 months ago my husband and I drove across country from west coast to east coast on Highway 10and then drove home on Highway 40, so we drove through quite a few states and made a lot of stops along the way. One thing we couldn’t help but notice was the vast amount of home building going on in every state we drove through. We kept noticing and remarking on it. Lots of single family homes, townhouses, apartment complexes. Like nothing I’ve ever noticed before. So why is there low inventory?? I had also heard that last year the population of the USA actual declined! So what gives? It just doesn’t make logical sense to me based on what I’ve seen.