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.
