2M US home shortage challenges affordability, necessitating increased construction.

2M home shortage in the US challenges the American dream of homeownership due to affordability issues and requires a significant increase in new home construction. Despite population growth since 1978, existing home sales remain comparable to 1978 levels. A 2.2M home shortage and factors like high labor costs, increased environmental regulations, elevated land prices, and immigration influx contribute to the housing market's unaffordability.

June 13, 2024
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