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Baby boomers are becoming homeless at a rate ‘not seen since the Great Depression’ (moneywise.com)

submitted 1 year ago by [email protected] to c/[email protected]

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[–] [email protected] 19 points 1 year ago (1 children)

Also, there has been a drop in new housing construction since 2008.

There was a massive multigenerational push to build new housing, with government agencies either facilitating new construction with infrastructure or helping to fund its construction.

[–] [email protected] 3 points 1 year ago (1 children)

Do you mean new housing as in individual stand alone houses, or does that also include multi unit apartment buildings?
I only ask because in the old area I used to live in it seemed like they were building new apartments left and right. Meanwhile as far as houses go I would be inclined to agree, as I haven't really noticed any new construction going on. But that's just in the area I live now. It'd be interesting to see nationwide numbers.

[–] [email protected] 6 points 1 year ago (1 children)

Any new housing unit. There has been an increase in multifamily housing, but nowhere near enough to cover for the total drop.

[–] [email protected] 3 points 1 year ago

Ah, I gotcha. Thanks for the answer!