Housing developments in Aurora, Colo., on Oct. 11, 2024. John Fredricks/The Epoch Times
Even as homebuilders set a decade-high pace for new construction during the pandemic, the U.S. housing shortage continues to grow.
Zillow reported that 8.1 million households shared homes with nonrelatives in 2023, while just 3.4 million units were for sale or rent. The housing deficit hit 4.7 million homes in 2023, up from 4.5 million in 2022 and 4.3 million in 2021. This marks a three-year climb following the pandemic construction surge.
