By Marty Green (February 1, 2022, 5:48 PM EST) — For several years, the U.S. residential real estate market has been characterized by a shortage of new single-family homes — the result of an extended period of underbuilding following the Great Recession, compounded by the global COVID-19 pandemic and attendant supply-chain issues.
This shortage will continue throughout 2022. Though builders have added substantial inventory in recent years, it will take more than a year — or even two or three — to make up for what the National Association of Realtors estimates to be an undersupply of between 5.5 million and 6.8 million single-family homes necessary to meet existing demand….
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