【CNBC】Today’s tight housing market is already overbuilt, one analyst says

• “There is a downward trajectory of population growth, household formation as well, that’s really going to undermine the need for what’s built,” said Dennis McGill of Zelman & Associates.
• The supply of homes for sale at the end of August totaled 1.29 million units, down 1.5% from July and down 13.4% from August 2020, according to the National Association of Realtors.

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