Affordability is crimping the progress that home builders have made recently to satisfy the current and future demand of all housing types nationwide.
It is estimated that America needs 17.1 million homes this decade and the industry started 1.71 million homes in 2021 and 1.65 million homes in 2022.
But they will fall far short this year, although they will finish many of those homes and offer them for sale or for rent sometime in 2023.
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