We’re pushing through the peak of the summer heat and it’s wearing on us like it does everyone else in New Orleans. So much so that we’re going to talk about it on the show today. Listen in as we tackle the hot topic of the heatwave sweeping the US and Europe, with temperatures reaching well into the 100s, and how this extreme heat is impacting tourism, health, and sparking global warming debates. We’ll also talk about whether we trust the government to fix the issue by scrutinizing the Biden administration’s proposal for Solar Radiation Modification, a controversial plan to block sunlight from reaching the Earth. Then, we switch gears to discuss the crazy position that real estate finds itself in. With interest rates still rising and people unwilling to sell their home and exit their existing mortgage rates, supply isn’t keeping up with demand and it’s led to a 16% increase in new home construction, with single-family and multi-family homes making up significant portions.
We’ll analyze the current housing market trends, the impact of supply chain disruptions due to COVID-19, and the overall optimism of builders. It’s not an easy position for most people to be in right now and we’re very interested in what this could mean for homebuying and homebuilding in the coming months and years. Please make sure to follow the show wherever you listen to podcasts and subscribe to our YouTube channel to stay updated on everything.
Here’s some of what we discuss in this episode:
0:27 – Navigating this heat wave
3:09 – The government’s plan to block the sun
6:46 – Favorite summer destination
7:57 – New home construction on the rise
12:22 – The worry for homebuilders