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National Association Of Realtors Estimates Shortage In Housing - June 21, 2021
June 2021 - Hedge Fund
A recently-released report by the National Association of Realtors estimates that the U.S. residential housing market supply is currently short by 5.5 million units. If this estimate is accurate, would-be home buyers and renters could potentially expect this challenging environment to continue for some time. As reported in the Wall Street Journal, “Construction of new housing in the past 20 years fell 5.5 million units short of long-term historical levels. The 5.5 million-unit deficit includes about two million single-family homes, 1.1 million units in buildings with two to four units, and 2.4 million units in buildings of at least five units.”
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