Massive housing shortage spreads across the US, becoming a ‘crisis’

Decades of underbuilding has led to soaring prices and home deficits in the USA.

But in the early years before the pandemic, the crisis largely plateaued in California while it accelerated elsewhere.

Between 2012 and 2019, the shortage rose nearly three times in Texas. In Arizona and Georgia, it surged 14 and 17 respectively.

Altogether, the US needed nearly 3.8 million homes by 2019.

The geography of the nation’s shortage crisis was changing going into the pandemic, and became a coast-to-coast problem.

Many people moving in the last two years have encountered tight housing markets.

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