Erdmann Housing Tracker β’ 231 implied HN points β’ 03 Feb 25
- There is a significant shortage of homes in the U.S., estimated at around 15 million. This is due to various factors like vacancies and the rising number of adults per home.
- Vacancies have dropped over the years, and we might be short about 5 million vacant units needed to keep rent inflation stable.
- Population growth has slowed since 2008 and has likely affected housing demand, which adds pressure to the existing housing shortage.