U.S. Housing Shortage Continues

This is a the United States news story, published by MSN, that relates primarily to Horton news.

the United States news

For more the United States news, you can click here:

more the United States news

Horton news

For more Horton news, you can click here:

more Horton news

real estate & housing news

For more real estate & housing news, you can click here:

more real estate & housing news

MSN news

For more news from MSN, you can click here:

more news from MSN

About the Otherweb

Otherweb, Inc is a public benefit corporation, dedicated to improving the quality of news people consume. We are non-partisan, junk-free, and ad-free. We use artificial intelligence (AI) to remove junk from your news feed, and allow you to select the best business news, entertainment news, world news, and much more. If you like real estate & housing news, you might also like this article about

housing shortage

. We are dedicated to bringing you the highest-quality news, junk-free and ad-free, about your favorite topics. Please come every day to read the latest fewer homes news, housing market news, real estate & housing news, and other high-quality news about any topic that interests you. We are working hard to create the best news aggregator on the web, and to put you in control of your news feed - whether you choose to read the latest news through our website, our news app, or our daily newsletter - all free!

fewer housing projects

CNBC

•

Why the U.S. can't build homes fast enough

Summary

Nutrition label

67% Informative

Both 2024 presidential candidates have ideas to fix the housing market, but neither seems to prioritize a key underlying issue.

A lack of competition is also contributing to the low supply of housing.

The typical newly built home in the United States cost about $417,000 in June 2024 , a slight decline from 2022 .

The two biggest home builders in the U.S. are Dr. Horton and Lennar . Both have outperformed the S&P 500 between August 2014 and August 2024 .

The two have acquired competing firms in the years after the Great Recession .

Experts believe that the industry became less productive as its lead companies consolidated.

No matter who controls the White House , the president will need to rely on the other wings of government to address the housing shortage.

Ultimately, it's a function of the number of permits that are made available to the builders. The demand is going to keep increasing. It's going to take time to really resolve that shortage that we have built up for decades .

VR Score

Informative language

Neutral language

Article tone

informal

Language

English

Language complexity

Offensive language

not offensive

Hate speech

not hateful