Sober Look — Rental home shortage is America's next housing crisis

Economists, politicians, and the media continue to focus on slow home sales as an indication of weak housing markets. But they are simply "fighting the last war". The looming crisis is not about how often homes change hands, but about the shortage of rentals and the rising cost of shelter that the new generations of Americans will increasingly face.

Sober Look

Rental home shortage is America's next housing crisis

Advent Of The Renter Nation

   (Commentary posted by Roger Erickson)

Renter Nation Depicted

The author make many interesting points, yet jumps to agreement with Gundlach, that more renters will mean fewer homes constructed. Not sure that that correlation necessarily follows, even with increasing urban concentration. Construction will just transition to multi-family homes, until population stabilizes.