Housing Concerns Around the World
Bloomberg Businessweek
00:00
The Lenoir Effect on US Housing
There is a long term sort of generational shift here that we're likely to see the next couple of years. But when we move out of this, there is a real affordability problem in US housing. A lot of this is a zoning issue. It's not as much of a profit margin issue. They're just simply not allowed to build houses in so many places. And so you hear Lenoir, you hear a lot of the other home builders really appealing to cities and saying, let us- it's commodity land, right?
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