The US is short nearly 4 million homes

Number of those burdened by rental affordability hits record high — Harvard Gazette

Nation & World Number of those burdened by rental affordability hits record high Christina Pazzanese Harvard Staff Writer March 13, 2025 8 min read Public policy expert discusses possible ways to cut costs amid national housing crunch Amid a nationwide housing shortage, a new report shows the number of those burdened by rental affordability has hit a record high. As of 2023, 22.6 million renter hou…

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

The American housing gap continues to widen.

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…

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.

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…

Report: U.S. housing shortfall approaches 4 million

Closing the gap could take seven years, per Realtor.com's analysis.