U.S. Has a Shortfall of 6.5 Million Single-Family Homes Due to a Decade of Under-Building

A decade of under-building has led to a shortfall of 6.5 million single-family homes in the U.S., according to a new report released Wednesday.

Realtor.com looked at household formation, housing starts, and home sales, and found that given how many households were formed between 2012 and 2022, the U.S. is short of 6.5 million single-family homes. Read full article HERE