US Housing Starts Unexpectedly Jump 21.7% in May

The video discusses the surprising strength of the housing market, with housing starts and building permits showing significant increases. Despite expectations that the market would be affected by federal rate hikes, the lack of available homes for sale is driving up prices and keeping people from moving. The video explores the reasons behind this trend, including the shift from building homes to apartments after the Great Recession and the current demand for houses. The discussion highlights the topsy-turvy state of housing economics and the challenges posed by limited housing supply.

What impact do rising existing home prices have on the housing market?

What is the current situation regarding the availability of houses for sale?