Axios, July 7, 2023, The country’s homebuilding hot spots, mapped
There were 42.3 new homebuilding permits per 100,000 residents issued nationwide in May 2023, up from 32.9 in May 2020 — the early months of the COVID-19 pandemic.
Recent estimates from Freddie Mac indicate the U.S. is short about 3.8 million units of housing, either for rent or purchase, Axios’ Emily Peck reports.
A bump in new home construction, however, could bring prices down — it’s basic supply and demand.
