Construction of Houses 1900-2021
The 2008 crisis affected the number of annual house construction in the following years.
In the last decade there has been the least construction of new houses of the 6 decades.
Number of houses built in the United States between 1900 and 2021
The shortage of houses in the USA
Construction
Sales
Demand
Deficit
Existing housing units relative to population demand in the US
Data: Hines analysis of Census Bureau and Moody's data; Note: Population demand is a theoretical metric of housing demand based on long-term household formation and homeownership rates by age cohort; Graphic: Axios Visuals
Deficit of rental units
In the last 3 years, 1.2M of departmental units have been built when 600K per year are required.
Nacional
Texas
Exponential increase in institutional buyers in residential units.
“The United States needs to build 4.3 million more apartments by 2035 to meet the demand for rental housing. This includes 600,000 units to cover the shortage of underground construction after the 2008 financial crisis.
