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How Severe Is the Housing Shortage? It Depends on How You Define ‘Shortage’
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How many new homes does the U.S. need to build to restore normalcy to the housing market?
While everyone seems to agree there’s a housing shortage, there’s little agreement on its magnitude. The National Low Income Housing Coalition says the U.S. has a shortage of 7.3 million units, Realtor.com says 6.5 million, mortgage-finance company Fannie Mae says 4.4 million and Up for Growth, a policy group focused on the housing shortage, says 3.8 million units. John Burns Research & Consulting, a real-estate industry consultant, puts it at just 1.7 million.
Read more on wsj.comAbout this in other media
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