New Housing Bubble

Here is an interesting thought.  Excess housing inventory now, foreclosures, short sales and great deals leading to an eventual housing shortage!  How ironic to think we could easily experience a housing shortage due to the  decrease in new home construction.  We are seeing it in the Statesville area for sure.  New home builders are almost completely stopped when it comes to building inventory homes.  Permits are down and lot sales are not existent.