Is the housing shortage overblown? This California analyst thinks so

By Jonathan Lansner : eastbaytimes – excerpt

Most of those calculations have very little analysis behind them, says John Burns.

John Burns’ real estate research shop has become one of the housing industry’s top analytical firms by taking a more holistic view of what drives homebuying.

For two-plus decades, his eponymous Orange County-based company has become a critical cog in homebuilding thinking because its research looks far beyond real estate basics to encompass broader economic and demographic changes – not to mention the fleeting desire of house hunters.

So the company has now shed “real estate” from its corporate monicker, morphing into John Burns Research and Consulting from John Burns Real Estate Consulting.

Let me give you a noteworthy example from the novel Burns thinking: The company’s analysis suggests the nation is only 1.7 million homes short of what’s needed – a fraction of other housing shortage estimates…(more)