Not Enough New Construction?

Housing market falling short by nearly 4 million homes as demand grows

  • The 5.9 million single family homes built between 2012 and 2019 do not offset the 9.8 million new households formed during that time, according to an analysis by realtor.com

  • Even with an above average pace of construction, it would take builders between four and five years to get back to a balanced market.

  • "Simply put, new home starts are not keeping pace with demand. Homebuilders have a mountain of opporotunity, but a big hill to climb," said Javier Vivas, director of economic research at realtor.com

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