The U.S. is now short 4.5 million homes as the housing deficit grows

The growing housing shortage is the primary reason for the affordability crisis From 2021 to 2022, the U.S. housing shortage grew to 4.5 million homes, up from 4.3 million. In 2022, the number of U.S. families increased by 1.8 million, while only 1.4 million housing units were built. Those who live in markets with stricter land-use regulations are less likely to be able to afford the mortgage payment on a typical home. SEATTLE, June 18, 2024 /PRNewswire/ -- Despite a pandemic construction boom, the U.S hous ...