Head Topics

America is short more than 5 million homes, and builders can't make up the difference

  • 📰 CNBC
  • ⏱ Reading Time:
  • 16 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 10%
  • Publisher: 72%

United States Headlines News

United States Latest News,United States Headlines

The supply of homes for sale is near a record low, and the gap between supply and demand is widening as homebuilders struggle to keep up.

Some 12.3 million American households were formed from January 2012 to June 2021, but just 7 million new single-family homes were built during that time.PulteGroup just lowered its Q3 and full-year guidance for home closings, citing supply chain disruptions.

The U.S. is short 5.24 million homes, an increase of 1.4 million from the 2019 gap of 3.84 million, according to new research fromThe U.S. Census found that 12.3 million American households were formed from January 2012 to June 2021, but just 7 million new single-family homes were built during that time.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Exactly why I don’t foresee a crash in real estate in the near future

Yêu sếp

There wouldn't be a shortage issue now if developers and banks hadn't torn down all those homes after the 2008 housing crash.

Let them come to america….thats the main reason

Why using so much wood for house construction? Weren't you gonna fight climate change?

Looks like building technology in the US needs to evolve so that houses last a maximum of 50 years. Seems like everyone wants a new house, making it uneconomical to build long-lasting houses.

And how many of the unavailable homes are vacant?

Where is mine

You had me at 'America is short'

good

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in US

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

How California’s Lack Of Transparency Could Flip The U.S. SenateThe state controller says she can't 'locate' a single one of the 50 million payments she made last year.
Source: Forbes - 🏆 394. / 53 Read more »

How California’s Lack Of Transparency Could Flip The U.S. SenateThe state controller says she can't 'locate' a single one of the 50 million payments she made last year.
Source: Forbes - 🏆 394. / 53 Read more »

How California’s Lack Of Transparency Could Flip The U.S. SenateThe state controller says she can't 'locate' a single one of the 50 million payments she made last year.
Source: Forbes - 🏆 394. / 53 Read more »

How California’s Lack Of Transparency Could Flip The U.S. SenateThe state controller says she can't 'locate' a single one of the 50 million payments she made last year.
Source: Forbes - 🏆 394. / 53 Read more »

The Most Popular Show in the World Is Like Game of Thrones in ReverseThe Netflix hit’s crew isn’t the best of the best, but their screw-ups are what makes the show great.
Source: Slate - 🏆 716. / 51 Read more »

The top 10 worst vehicles for tall and short driversConsumer Reports has revealed its top 10 picks for best and worst vehicles for tall and short drivers, and four models made both of the worst lists. thanks There’s nothing better than a F-150 and I won’t be told otherwise
Source: FoxNews - 🏆 9. / 87 Read more »