New homes: Through the roof

New homes: Through the roof: "NEW YORK -- June 10, 2005 -- Economy.com Chief Economist Mark Zandi estimates that only 1.9 million new dwellings are needed each year to meet the needs of an expanding population, provide second or vacation homes to investors and replace aging properties. However, builders are on pace to complete 2.2 million new units this year, leading him to believe that oversupply will become a major concern in the coming years."