White House Council of Economic Advisers reports US lacks at least 10 million single‑family homes, surpassing earlier estimates.
The shortage would have been avoided if post‑2008 homebuilding had kept historic growth rates, adding 10 million homes today.
Freddie Mac (Nov 2024) estimated a 3.7 million unit deficit, while NAR (June 2021) put the gap at 5.5 million.