The Hill, June 18, 2024, These 10 US Cities Are ‘Missing’ The Most Homes, New Report Finds
It’s no secret the U.S. housing market has been hot in recent years. That has continued into 2024, despite mortgage rates staying close to 7% so far.
The hot housing market during the COVID pandemic was coupled with a construction boom. Thanks in part to a subsequent shortage of supplies, construction was delayed in some areas. While that has mostly rebounded, newly released data from Zillow shows the U.S. still doesn’t have enough housing — and it’s only getting worse.
Overall, Zillow’s estimates, released Tuesday, show the U.S. housing deficit has reached 4.5 million according to the most recent data from 2022. That’s an increase from 4.3 million in 2021.
