The combination of accumulated new construction deficit and sudden shift in millennisal thinking caught the housing industry by surprise, and with their pants down so to speak.To give you an example: the Milwaukee metro area has about 1.6 million people, about 360,000 of them are millennials, theoreticlly that makes 180,000 couples who are or will be soon looking to buy.

the list of items from the inspector will cover any deficit. 

There has been a deficit between demand for new houses and the amount being built for several years.The price of lumber is insane. 

Be thankful, you found out about a deficit before you got stuck with something.

I’m hoping for a 0-4 unit A/B FHA.I have an apartment lease that ends in May and am currently relentlessly scrolling Realtor/Zillow and practicing analyzing with DealCheck.I’m realizing a deficit of on-market deals and ALSO realizing a need to pursue off-market deals via networking with clients at my job, accessing tools such as Propstream and initiating local landlords in the area.I’m curious if anyone has any insight or encouragement to share about this “stage” in the process and how you have found success and/or breakthrough.Warmly,Nic

I wanted $800 of cash flow rn I have a deficit of ~$1600..Being that it’s only been 45 days, and this is my first.

Analysts are talking about a 4 to 5 million unit deficit nationally, that's about 5 years worth of average production we need to do on top of the usual.My home town Milwaukee is a good example.

That's quite a deficit for the same calendar year that saw an increased need of 27,205 households with only 21,653 homes built.  

Bureau of Labor Statistics data.The metro had 1,142,100 nonfarm payroll jobs in July, which is only 300 fewer jobs — or a 0.03% deficit — than February 2020, the month before the pandemic took hold of the global economy.https://www.bizjournals.com/au...

In any event, any notion of CA running a deficit is completely false.