[refurb]

If you keep building at some point it becomes unprofitable to invest in housing.

And what is more likely is we see housing prices drop, a massive pullback and an oversupply.

[iknowSFR]

Except that most builders are investors in the SFR space. In the end, we’re expanding rental availability, not first-time home owners.

[refurb]

Why not first time homeowners? It all depends on returns.

[tormock]

Because renting is unlimited income and selling is a one time income?

[refurb]

Look up the "time value of money", NPV and return on investment.