Zillow shows over 6 million homes missing from US market

Real estate analytics company Zillow said it’s because of the lack of construction after the housing market crashed. Between 1985 and 2000, there were 3.9 permits issued for single-family homes throughout the U.S. per 1,000 residents. According to a Zillow analysis, if that historic rate had continued over the past decade, there would be about 6.3 million more single-family homes in the housing stock. But since 2008, that rate dropped — to just 1.9 permits per 1,000 people. The national market would have to add 1.3 million homes per year for five years to catch up.


Source: Tampa Bay Times

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