In the US, the housing affordability crisis has been steadily worsening for years. One of the main culprits responsible for the current housing crisis is the persistent inventory shortage. On one hand, builders are unable to keep up with the demand for new homes; on the other hand, there isn’t enough land to build on, especially near densely populated metro areas. The housing supply shortage is also caused by population growth and by the people who are no longer downsizing or upsizing, which limits the circulation of homes on the market.
