The housing stock expands only slowly because it is so durable, so the increase in demand for houses outran the increase in supply (new housing starts), causing prices to rise.

 
  • 因为住房是耐用品,所以,房地产股票涨得很慢,这样,住房需求的增长,就超过了住房供给(新建房屋)的增长,这使得价格上升。
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