We're 4 Million Housing Units Short—How Supply Gaps Look Across America

The U.S. housing market is short nearly 4 million homes, pushing prices and rents to new heights and making homeownership increasingly out of reach. Despite record-high home completions in 2024, it could still take decades to close the supply gap—especially in the Northeast and Midwest, where progress is painfully slow.

In this episode, we break down why the housing shortage persists, which regions are making the most progress, and how Realtor.com’s new “Let America Build” campaign aims to cut red tape and speed up construction. Can policymakers fix the crisis, or will affordability continue to slip away?

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