Housing Supply Gap Surpasses 4 Million Homes in 2025 as Construction Fails to Keep Pace With Demand

Cumulative deficit widens to 4.03 million homes; 1.82 million young households missing amid affordability constraints AUSTIN, Texas, March 3, 2026 /PRNewswire/ -- The U.S. housing supply gap widened to an estimated 4.03 million homes in 2025, increasing from 3.8 million in 2024, according to the 2026 Housing Supply Gap Report from Realtor.com, as new construction once again fell short of household formation and pent-up demand from younger households persisted. In 2025, approximately 1.41 million households ...