There s never been such a severe shortage of homes in the U S Here s why knpr.org - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from knpr.org Daily Mail and Mail on Sunday newspapers.
There’s not enough supply (homes) to meet demand, with little relief in sight. The U.S. needs about 3M more homes, and it will take years for builders to catch up.
Home prices rose nearly 20% last year, in large part because the U.S. is several million homes short of demand. Builders say the pandemic is partly to blame, but the problem goes deeper than that.