Housing Shortage Spreads Across US, Becoming Coast-to-Coast Crisis
New analysis shows deficits surging just before the pandemic, even in areas that had few supply challenges a decade ago.
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California is the prime example of a housing market gone awry. Decades of underbuilding led to soaring prices and the biggest deficit of homes in the US.
But in the years before the pandemic, the crisis largely plateaued in the Golden State while it accelerated elsewhere, according to research released Thursday by Up for Growth, a network of industry groups, academics, public officials, environmental and racial-justice organizations working to solve the US housing shortage.