Kevin Erdmann is a visiting fellow at the Mercatus Center at George Mason University and the author of the upcoming book Building from the Ground Up: Reclaiming the American Housing Boom.
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Builders have the most unsold inventory since 2009. Here’s what it means for the housing market2. Housing analyst Kevin Erdmann thinks it’s a bullish—not bearish—sign for builders. “Most of the time, the number of completed homes for sale rises because there is demand for them.
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