04/01/2022
By one estimate, the U.S. is more than 3 million homes short of the demand from would-be homebuyers. Pandemic-related problems aren’t helping. But the roots of the problem go back much further — to the housing bubble collapse in 2008.
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.