The U.S. faces a decade-long housing shortfall, driving up rents and home prices while worsening affordability nationwide. Despite growing political attention, confusion over the scale and nature of the crisis persists, with estimates often conflating different parts of the housing market. This discussion clarifies the shortage’s scope, examines local impacts, and explores how supply and demand shape affordability, providing a clearer foundation for policymakers to address the challenge.
Deputy Chief Economist Moody’s Analytics
Senior Advisor, Policy Solutions Reinvestment Fund
CEO & Founder PolicyMap
Nonresident Fellow | Co-owner Urban Institute | Parrott Ryan Advisors
Chief Economist Moody’s Analytics