"America faces a serious housing shortage, one that Moody's estimates would take more than 2 million new homes to resolve. But over at Goldman Sachs, analysts put the number at 3 million. Zillow's estimate tops 4 million, while Brookings projects 5 million, and McKinsey says 8 million. Meanwhile, congressional Republicans insist the shortfall is closer to 20 million. Then there are the economists who contend there's no shortage at all."
"The U.S. has 146 million homes, Census Bureau data show. Of those, 8.1 million are "doubled up" households, meaning people are sharing space with non-relatives. Zillow's housing estimate assumes most of those people would prefer having their own place. There also are 3.4 million vacant homes available to rent or buy, the real estate website says. So Zillow economists subtracted the number of available homes from the number of doubled-up households and concluded that the nation needs 4.7 million more homes."
Estimates of the U.S. housing shortage vary widely because different analyses use different assumptions about who needs housing and how many vacant units are appropriate. Major estimates span roughly 2 million to 8 million, with some political claims near 20 million and some economists denying a shortage. Census data show 146 million homes, including 8.1 million doubled-up households and about 3.4 million vacant homes available to rent or buy. Zillow’s calculation subtracts available vacant homes from doubled-up households and finds roughly 4.7 million missing homes. Analysts highlight two core questions: desirable vacancy rates and how many households delayed forming because of cost.
Read at The Washington Post
Unable to calculate read time
Collection
[
|
...
]