"It turns out Americans weren’t ready to become a nation of renters. Homeownership is back in." Not so fast.

This article, "It turns out Americans weren’t ready to become a nation of renters. Homeownership is back in," gives lots of good reasons people started buying. What it doesn't mention is that lending standards loosened again (perhaps too much) and that it won't be pretty if we hit another strong recession, which could happen. Also, rents are still outpacing what they ought to. I'm saying the country still isn't building enough rentals to make them, and to keep them, affordable over owning.

Lastly, there are still plenty of headwinds in single-family construction. Land, materials, labor skills, and equipment are all costs that vary but have remained high collectively. Skilled labor is still in short supply.

It remains to be seen whether buyers will have huge regrets. Many have already expressed at least some regret.