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US is short nearly 4M new homes: report

The housing shortage in the U.S. is deepening despite strong demand, and a new report found that builders must construct nearly four million new homes to catch up. Almost 9.8 million households were formed between 2012 and 2019, but just 5.9 million new single-family homes were constructed during that period, according to listings website Realtor.com. The report found it could take four to five years to fill the void of 3.8 million homes. That estimate


The Real Deal New York

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