America is short more than 5 million homes,

Yvonne Keenan • September 22, 2021

America is short 5 million homes

In a recent article by Diano Olick of CNBC  https://www.cnbc.com/2021/09/14/america-is-short-more-than-5-million-homes-study-says.html
She discusses the challenges faced by home buyers, developers and building contractors alike as the attempt to navigate the short fall of available homes in America today.

  • Some 12.3 million American households were formed from January 2012 to June 2021, but just 7 million new single-family homes were built during that time.
  • Single-family home construction is running at the slowest pace since 1995.
  • Pulte Group just lowered its Q3 and full-year guidance for home closings, citing supply chain disruptions.
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