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The US is short nearly 4 million homes

The U.S. Faces a shortage of 3.8 million homes, the largest gap since 2012, according to Realtor.com.
Closing the housing gap would take about 7.5 years at the current construction pace, with the Midwest seeing little progress over 41 years, as reported by Realtor.com.
Many Millennials and Gen Zers chose to live with others, leading to an estimated 1.63 million unformed households in 2024 that contributed to the supply gap.
Realtor.com launched the 'Let America Build' campaign to advocate for solutions to expand housing supply and address affordability issues.

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WLOS

Housing gap continues to get wider despite more being built in 2024

The American housing gap continues to widen.

9 hours ago

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The Epoch Times

Housing Supply Gap Reaches Nearly 4 Million in 2024: Report

The United States continues to face a significant shortage of homes for buyers, with the housing supply gap at almost four million units as of last year, according to a recent research report by the real estate listing website Realtor. “In 2024, new-home construction outpaced household formations for the first time since 2016. Despite this notable progress, the housing gap persists, totaling 3.8 million,” the company said in a March 10 report. T…

10 hours ago·New York, United States

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Audacy

Report finds the U.S. is short nearly 4 million homes

A new report has found that the housing gap has not improved in recent years, as the nation is facing a housing shortage of nearly 4 million homes.

15 hours ago·Philadelphia, United States

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The Hill

+5 Reposted by 5 other sources

The US is short nearly 4 million homes

The housing gap continues to persist as the nation is short nearly four million homes. While new home construction picked up for the first time since 2016 last year, the housing gap totaling 3.8 million remains, according to a new analysis from Realtor.com. The company measured the housing supply gap using data on new home construction, household formations and pent-up housing demand. The analysis found that more than 1.6 million homes were co…

20 hours ago·Washington, United States

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Newsweek

US housing market given bleak prediction

It will take longer than 7 years for the country to fix the current supply gap in the U.S. housing market, according to a new study.

2 days ago·United States

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Phys.org

Is America in a housing crisis? Cultural anthropologist says yes

Is America currently in a housing crisis? Sherri Lawson Clark says individuals at all economic levels—from homeless populations to middle-income homeowners are struggling with affordability.

2 days ago·United Kingdom

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