The housing supply problem
FT News Briefing
Forhecz Topher
4.4 • 1.3K Ratings
🗓️ 25 June 2023
⏱️ 26 minutes
🧾️ Download transcript
Summary
Home prices in the US and UK skyrocketed during the coronavirus pandemic. In a special four-part series, we explored how they got so out of whack and what might work to bring back some balance.
Mentioned in this podcast:
Homesharing offers a cheaper alternative to rental accommodation
Turning offices into condos: New York after the pandemic
The Fed’s waiting game: is the US economy finally starting to crack?
How stubborn inflation has undermined the UK housing market
The FT News Briefing is produced by Fiona Symon, Sonja Hutson and Marc Filippino. Additional help by Katie McMurran, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
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Transcript
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| 0:00.0 | The FT News Briefing is supported by Equinole, the UK's energy partner. |
| 0:06.3 | Learn more at equinole.co.uk |
| 0:10.3 | Good morning from the Financial Times. |
| 0:11.7 | Today is Sunday, June 25th, and this is a special edition of the FT News Briefing. |
| 0:18.4 | The briefing recently wrapped up a series on the US and UK housing markets, |
| 0:22.7 | home prices in those countries skyrocketed during the pandemic. |
| 0:26.4 | We looked at how they got so out of whack and what might work to bring back some balance. |
| 0:30.9 | In case you missed any of the segments when they were originally released, |
| 0:34.4 | we've put all four of them in this episode. |
| 0:39.4 | For part one, FT News Briefing producer Sonia Hudson traveled to Asheville |
| 0:43.4 | in the US state of North Carolina. |
| 0:45.2 | This growing city exemplifies a lot of what's going on in the broader market. |
| 0:49.0 | Here's the story. |
| 0:50.6 | Hi Sonia. |
| 0:51.5 | Hi Mark. |
| 0:52.7 | So tell me a little bit about Asheville and why you went there for this story. |
| 0:58.5 | Yeah, so Asheville is a small city in the mountains in North Carolina. |
| 1:02.3 | There's just under 100,000 people that live there. |
| 1:05.2 | It is absolutely gorgeous. |
| 1:07.2 | You know, it's great for hiking, mountain biking, camping, |
| 1:10.4 | and in fact, it has such a nice standard of living that lots of people have been moving there, |
| 1:15.2 | especially during the pandemic. |
... |
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