The United States continues to face a significant shortage of homes for buyers, with the housing supply gap at almost 4 million units in 2024, according to a recent research report by real estate listing website Realtor.
“In 2024, new-home construction outpaced household formations for the first time since 2016,” the company stated in a March 10 report. “Despite this notable progress, the housing gap persists, totaling 3.8 million.”
