80: The Current State of the U.S. Housing Inventory
Update: 2021-11-17
Description
The lack of housing supply in the U.S. has been a topic of discussion since the onset of the COVID-19 pandemic. Many Americans faced a massive shift in lifestyle that further pushed buyers to pursue housing in affordable markets that were already strained by a lack of available homes. This situation exacerbated the issues of housing supply and affordability.
According to a recent report by The National Association of REALTORS®, the imbalance in the supply of homes and the number of people who want to become homeowners requires the U.S. to acquire roughly 5.5 to 6.8 million more homes. How can potential homebuyers find relief, both in the short and long term?
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