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Quiz: The State of Housing Supply and Demand

By HOM Editor

December 2018

Take our quiz to see how much you know about the factors impacting the housing supply in the US.

True or False: The overall supply of homes for sale continues to fall every year.

True or False: The overall supply of homes for sale continues to fall every year.

True

False

Correct!

Wrong!

-

True or False: While the number of homes being built every year is increasing, there are still not enough new homes being built to meet the current demand.

True or False: While the number of homes being built every year is increasing, there are still not enough new homes being built to meet the current demand.

True

False

Correct!

Wrong!

-

True or False: Millennials -- young adults ages 25-34 -- are purchasing homes at a higher rate than Gen Xers and baby boomers at the same age.

True or False: Millennials -- young adults ages 25-34 -- are purchasing homes at a higher rate than Gen Xers and baby boomers at the same age.

True

False

Correct!

Wrong!

-

True or False: Because of rising costs, developers are constructing more expensive homes that are out of reach of entry-level buyers.

True or False: Because of rising costs, developers are constructing more expensive homes that are out of reach of entry-level buyers.

True

False

Correct!

Wrong!

-

True or False: The cost of a typical home is increasing at twice the rate of wage growth in the United States.

True or False: The cost of a typical home is increasing at twice the rate of wage growth in the United States.

True

False

Correct!

Wrong!

-

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