Dean Baker Building Quotations

Builders will keep building as long as they can keep getting these prices. But I think there's a glut developing clearly in some markets and that clearly will put downward pressure on prices.

We're building at a 2 million-a-year pace, which is more than demand, and we're going to keep building at that pace until home prices correct, ... It's already showing up in the rental market, oversupply is pushing down rental prices.

When you see it increasing quarter after quarter, there seems to be something going on here. We're building more homes than are being filled.

They can't continue to spend beyond their income indefinitely. If people are building up large amounts of debt, you reach a point where they can't continue.