The State of housing: Challenges in the US housing market 2024
A deep-dive into the state of housing, in the minds of consumers, in 2024
Executive Summary
Amid a gloomy backdrop of rising material costs and economic uncertainty, the United States finds itself short of up to seven million residential properties, while project starts have declined for two consecutive years.
With supply failing to keep up with demand, this shortage of housing has seen average prices rise to six times the median household income, up from four to five times in 2004. Combined with the nation’s stagnant wages—with pay for all but the country’s top earners having remained largely the same since the late 1970s—the “American Dream” of homeownership, and the strong financial foundation it provides, is now all but a pipedream for millions of people.
For those that cannot afford to buy, the renter’s market awaits. However, with average rents having risen by 30% since 2019, significantly outpacing wage growth, half of all US tenants are paying unsustainable amounts, sacrificing their health and well-being for shelter.
Many homeowners find themselves in a similar position with living costs having skyrocketed and interest rates stretching the average household’s finances thin. More than a million Americans now find themselves more than 60 days past due on their mortgage payments.
The monetary struggle of maintaining a home impacts not only on adults who must deal with the worry of covering their bills, but on future generations. Research shows that children without a safe, stable, and affordable place to live suffer from more health problems, lower educational performance, and more psychological stress.
NewHomesMate has created this US housing market report to delve into the real estate challenges impacting the residential property market and the real-life consequences of inaction. The causes and consequences of America’s housing crisis are multifaceted. However, by understanding the issues, the industry can begin to plan for a future free from housing unaffordability and homelessness.
Table of contents
Locked out: How is housing unaffordability affecting the average American?
Priced out, stressed out: Mental health in the midst of a housing crisis
The boomerang generation: Moving back home to cope with housing costs
No room to grow: The impact of inadequate housing on America’s family life
Building the future: Capitalizing on opportunities in America’s housing market
Demolishing housing barriers: How can real estate stakeholders address the crisis?
What are the experts saying?
Locked out: How is housing (un)affordability affecting the average American?
Key insights
- With US property prices having risen by over 50% since 2019, NewHomesMate’s housing market analysis shows the true cost of purchasing a home has far surpassed the ‘reasonable’ expectations of the average American.
- While 57% doubt they will ever afford their ‘dream’ home, 84% of home buyers are willing to compromise to get on the property ladder. Some 58% would be open to downsizing, while 12% would purchase a house with a history of massacre.
- Among those who already own property, 7% spend more than 50% of their wage on mortgage payments. With many struggling, 25% have cut back on essentials, 36% have reduced entertainment spending, and 32% have taken on extra work.
- To improve affordability, the United States needs to increase supply. With prices having reached unsustainable levels, an increase in new construction homes would reduce competition and maintain prices at affordable levels.
Following its recovery from the 2008 global economic crisis, the US housing market has recorded 12 consecutive years of growth. Not one to two percent, as was commonplace prior to the turn of the millennium, but an average annual rise of 7.2%. As people stretched their budgets to secure more space during the COVID lockdowns, average prices have surged by more than 50% since 2019 alone, putting homeownership further out of reach for the average American.
NewHomesMate recent survey shows that the majority of people (58%) believe that under $250,000 is a reasonable price to pay for a single-family home. However, the reality is that buyers should expect to pay $412,000 on average—and more with every month that passes. Since the start of 2024 alone, the price of a single-family home has risen by 6.8%.
Saving for the dream any home
After years of pushing themselves at work and cutting back on essentials to save for a down payment, only to find prices rising faster than they could save, the average American’s optimism that the housing market will improve is waning. Some 57% of people have doubts that they will ever be able to afford the home they’ve always dreamed of owning, according to the NewHomesMate recent survey.
This lack of affordability has forced homebuyers to temper their expectations, with 84% willing to bid for properties that don’t tick all their boxes if it means finding somewhere suitable to live. Some 58% of people would purchase a smaller property, for instance, while 31% are willing to extend their commute to make their budgets go further.
The unrelenting housing crisis has even strengthened the market for once-unwanted properties, such as those involved in a crime (12%) and those in undesirable neighborhoods (8%).
Missing meals or mortgage payments
Some 50% of Americans are fortunate enough to own their own home, benefitting from a near-constant gain on their investment. However, the difficulties of navigating the housing market rarely subside with homeownership.
Affording the typical US home now requires an income of $115,000—some $40,000 more than the average household earns—while mortgage rates in 2024 have reached a new high. As a result, homebuyers are stretching their finances to afford suitable properties, with almost one in ten unsustainably spending more than 50% of their wages to cover their mortgage expenses (NewHomesMate survey of 2,000 Americans reveals).
In decades past, it was common for Americans to afford a family home on a single income. Now, 30% would find themselves struggling to make the monthly payments if they were to split from their partner.
Such large mortgage payments may be affordable under normal circumstances. However, recent years have been anything but, owing to a unique combination of global disasters and geopolitical tensions. American consumers are spending 27% more on energy than before the pandemic, groceries are up 25%, while insurance costs have risen by a third.
To cope with rising costs, 25% of homeowners told NewHomesMate that they have cut back on essentials such as healthcare (7%) and food (18%). While 32% have taken on extra work, 11% have fallen into debt, putting them at risk of home foreclosure.
Addressing America’s housing unaffordability
Housing should not be a luxury, and homeowners should not have to take on unsustainable mortgages to live comfortably.
The 2008 financial crisis cost almost 10 million Americans their homes as rising unemployment resulted in mass foreclosures. In recent years, we’ve seen similar signs of disaster—albeit at a lesser scale. In New Jersey, Illinois, and Florida, one in every 500 mortgaged properties were repossessed in the first half of 2024.
However, despite America’s precarious economic conditions, many are willing to ignore the risks. While the existing home market has declined since 2021’s peak, it has maintained an average of 4.2M monthly sales in 2024. Given the limited housing supply, this has continued to force prices upwards despite falling affordability.
Evidently, America’s housing problem is an issue of stock, of which unaffordability is a consequence. The only solution is to increase supply to meet demand.
While construction has been gradually returning to its pre-2008 average over the past decade, 2024 has been marked by turbulence, with mortgage affordability (or a lack of) and falling buyer interest giving house construction builders pause.
However, the falling number of inquiries and offers isn’t due to a lack of desire. Rather, the average buyer is simply unable to secure finance while property prices and mortgage rates stick at unaffordable levels. Increasing the number of brand new houses coming to market would reduce competition, ensuring homebuyers aren’t forced to spend beyond their means, and maintaining prices at affordable levels for those eager to purchase.
Priced out, stressed out: Mental health amid a housing crisis
Key insights:
- Some 50% of people have noticed a decline in their mental well-being due to the housing crisis, with 34% experiencing constant stress, 18% anxiety or panic attacks, and 13% insomnia.
- Economic turbulence disproportionately affects poorer households, exacerbating mental and physical health issues.
- Many use social media to distract themselves. However, seeing the homes and lifestyles of influencers and celebrities prompts jealousy and envy in 33% and 42% of Americans, respectively. For 11%, these feelings result in depression.
- With the difficult path to homeownership putting a significant mental strain on the average American, this highlights the urgent need for more affordable housing.
Property is more than an investment and an inability to afford it isn’t merely a missed opportunity. There is a shortage of between four and seven million homes, and 85% of renters cannot afford to buy in the current market. Behind these facts and figures, real people are struggling to find a place to live and are left wondering whether they will ever attain the luxury of homeownership.
Battling economic turbulence and faced with potential homelessness, NewHomesMate research shows that 50% of people have noticed a decline in their mental well-being as a result of the housing crisis.
Some 34% of people admitted they experience constant feelings of stress, 18% suffer from anxiety or panic attacks, and 13% suffer from insomnia. For 11% of people, dealing with pressures in the housing market has led them to binge eat or consume more alcohol—concerning lifestyle changes that will only worsen the mental and physical effects of stress and anxiety.
When issues arise, such as recent energy price rises, poorer households are far more likely to feel the effects.
Many people turn to social media seeking distraction. However, these platforms are populated by influencers flaunting their wealth, seemingly unaffected by unfavorable market conditions. Some 33% of Americans admit they have felt jealous after seeing influencers’ luxury homes on social media, with 11% stating they suffered feelings of depression after comparing their living conditions to those of social media stars.
It isn’t just social media that offers a constant reminder of the housing crisis. Some 42% of people admit they feel envious—with 10% having experienced depression—of the celebrities in the newspapers, magazines, and on television screens.
Making homeownership dreams a reality
Property ownership doesn’t only offer a place to sleep. It provides security—both physically and psychologically. Where renting comes with the risk of a landlord increasing your monthly bills, homeowners have greater control over their future finances.
But for the average American, purchasing a property comes at a significant cost to their mental well-being, requiring prospective buyers to reduce their spending for more than a decade to fulfill their goal, with no guarantee prices won’t continue to rise in that time. With a median income of $82,200, it will take 12 years on average to amass the down payment required to purchase a typical US home at current value.
Failing to act risks causing further harm to the public’s mental health. Government and developers must work together, going above and beyond to build more homes, ensure supply meets demand, and make homeownership attainable for the masses.
The boomerang generation: Moving back home to cope with housing costs
Key insights:
- Rising housing costs mean half of renters are now spending over 30% of their income on rent, with millions allocating half their wages towards housing.
- Some 13% of Americans have considered moving back with parents to cope with the financial strain, while 26% would consider living with their partner’s parents.
- However, many don’t have friends and family to rely on, putting them at heightened risk of homelessness—a growing problem that can only be addressed by improving housing affordability.
Census data shows that 3% of US homes are overcrowded, but the problem is greater in the areas most affected by housing shortages and unaffordability. Hawaii (8.5%), California (8.2%), and New York (5.3%)—the three states with the highest average property prices—rank first, second, and fourth for homes with more than one occupant per room.
Those priced out of adequate living space are forced to seek alternative arrangements, such as seeking shelter in over-occupied shared housing, despite overcrowding negatively affecting the physical and mental health of occupants.
With living costs having risen sharply since 2021, half of all US renters are now paying more than 30% of their income towards rent, while more than 12 million are spending half of their wages on housing. Struggling to cope with the costs, 13% would consider moving back with their parents to improve their situation (NewHomesMate study shows).
While this may ease the financial burden, it can cause additional social issues. Living with parents into adulthood is often unfairly associated with characteristics such as immaturity, lack of ambition, and financial incompetence. Given these harmful stereotypes, 47% of people harbor doubts about dating those who live in the family home.
Those without a partner are among the worst affected by the housing and wider cost of living crisis. On average, single occupants spend $13,095 on shelter annually, compared to $8,808 for those in two-earner households—a difference of almost 50%.
However, the cost of living crisis has not been plain sailing for couples, with 26% of Americans open to moving in with their partner’s parents in response to rising living costs.
While rates have fallen from a record high of almost 50% during the pandemic, a third of young adults still live in their parents’ homes. However, these older generations are also feeling the impact of higher living costs, with 56% believing they should charge their adult children rent to cover the bills.
Even then, the financial benefit of living with parents is significant, with savings estimated at $13,000 before the current cost of living crisis.
Fixing America’s broken foundations
However, many do not have friends, family, and partners to turn to ease their housing struggles. With rising living costs putting a squeeze on America’s finances, rates of homelessness are at an all-time high, according to the latest Department of Housing and Urban Development (HUD) figures. One in every 500 Americans is currently without a home.
Given the challenge homelessness presents in finding and maintaining a stable income, those down on their luck face an uphill battle to recover financially.
In addition, research shows that immigrants are disproportionately affected, given many have no family in the country to turn to. An estimated 14.3% of non-natives live in overcrowded housing compared to 3.5% of US-born workers.
It’s also no surprise that the homelessness rates are highest in California and New York, where properties are expensive and few and far between. As is often the case in real estate, the problem lies in the insufficiency of affordable housing. Addressing the shortage would reduce rates of overcrowding and homelessness—and the resulting health struggles, higher mortality rates, and economic deficiencies.
No room to grow: The impact of inadequate housing on America’s family life
Key insights:
- Housing issues cause conflict among 30% of couples, with 17% fighting over money and 13% clashing due to space constraints.
- Just 21% of couples feel closer together, with 27% fearing their difficult living situation will have long-term relationship impacts.
- Some 61% of people believe children need their own bedrooms, yet 70% of multi-child households lack this space, affecting children’s mental health and social development.
- While many are putting off having children due to the housing crisis, population decline will offer little relief due to mass migration towards economic hubs.
As accommodation costs continue to outpace wage growth and rising expenses shrink household budgets, many have faced difficult choices over which necessities they should cut from their budget. Some 18% are eating less, for instance, while 7% have avoided healthcare to reduce expenses.
These decisions are causing rifts between couples and, in many cases, forcing young people to deter starting families of their own. It’s no coincidence that rates of both marriage and childbirth have declined in line with America’s worsening housing situation. Ultimately, this crisis isn’t just pricing all but America’s top earners out of homes; it’s pricing them out of the ability to start and maintain a family.
Romance in recession
Moving in together is supposed to be a special moment in a relationship, but for many it’s a source of stress due to the financial strain.
NewHomesMate survey shows a third of couples have noticed negative impacts on their relationship caused by housing. Some 17% admit they fight over finances and 13% state the size of their property is a cause of conflict. In contrast, just 21% say their housing situation has brought them closer together.
Likewise, 28% of people have noticed a negative impact on their intimacy. Some 13% state the constant stress of worrying over housing has reduced their libido, and 15% admit their housing situation provides no suitable space for sex.
Rents have jumped by 30.4% nationwide since 2019, outpacing wage growth by more than a third in some cities and intensifying financial instability in many households. Thankfully, inflation has tailed off in recent months, with rent growth slowing down in many of the United States’ largest cities, offering renters a glimmer of hope that their financial situation will begin to improve.
However, many do not share this optimism, with 27% fearing that the housing crisis will continue to put a long-term strain on their love lives.
Giving children Space to flourish
It isn’t just adults that suffer in financially- and space-constrained households. There is an undeniable link between the quality, location, and affordability of housing and a child’s ability to flourish.
Some 61% of people believe each child should have a separate bedroom—a scientifically backed ideal, with studies show children who have access to their own space tend to fight less, sleep better, excel in education, and suffer from lower rates of depression.
Likewise, 75% of people believe having separate bedrooms helps children to develop independence. For instance, it might aid them in learning to sleep alone, a common obstacle for many children, or provide creative freedom to decorate their own space and improve their decision-making skills.
However, this ideal is out of reach for many families. Today, 70% of US households with two or more children do not have the space for every child to have their own room.
Not only does a lack of personal space impact home life, but many fear it could stall their child’s social development. Some 18% of parents told NewHomesMate that they worry that having a small home stops their children from inviting friends over.
Likewise, 13% of parents fear that their children are ashamed of their current living situation. This results in feelings of guilt, which further compounds the mental health impact of America’s housing crisis.
The ever-growing city
Young people staying in crowded parental homes into their adult years, children having to go without necessities, and unhappy couples forced to stay together out of fear of homelessness—the housing crisis is having a profound effect on America’s family life and romantic relationships.
For many, the solution is to put aside plans for starting a family and hope that the housing market one day improves. Consequently, the US population is expected to climb to a high of 370 million over the next 50 years before beginning its decline as fewer people have children and the population ages.
That may sound like good news for future generations hoping to find a home, but it’s far from a solution. Falling populations are often seen as a sign of an area’s decline. Fewer people move in and more seek to leave—and they need somewhere to go with a thriving local economy that offers opportunities and income.
Today’s market is already presenting plenty of examples. While the population grew by just 0.5% nationwide last year, Texas—with the second-highest housing shortage in the country—saw numbers increase by over 1.5%. California, by far the most populated state, is another prime example. Requiring an annual wage of more than $230,000 to qualify for a mortgage to purchase a mid-tier home, and with living costs 39% above the national average, the state is unsurprisingly home to America’s largest homeless population.
While housing supply may increase and prices may fall in areas with little demand, so too do job prospects and wages. Meanwhile, in the cities people flock to for work, the housing crisis will remain as challenging as ever.
Building the future: Capitalizing on opportunities in America’s housing market
Key insights:
- Upcoming home construction starts have stalled, with future building projects at their lowest since 2022. However, demand for real estate remains high.
- Some 73% of homebuyers desire sustainable home improvements, with 62% willing to pay a premium for eco-friendly furniture and appliances.
- Location and infrastructure are also important to buyers today, with 84% prioritizing a safe neighborhood and 39% desiring key amenities within walking distance.
The ethical need to fix America’s housing market is clear, but real estate developers may question the business case.
In recent months, the market has seen a stall in construction starts with projects for future development falling to their lowest level since the end of 2022 in response to turbulent interest rates and the subsequent tailing off in demand.
Yet, interest remains high among millennials, who now account for 60% of purchases across the country, and a new generation of young Gen Z buyers are beginning to turn their attention towards real estate. The demand—and opportunity for developers—is there. It’s just a matter of capturing attention, assisting buyers, and convincing them to invest.
Build for eco-friendly buyers
According to the National Association of Home Builders, 73% of homebuyers desire an ENERGY STAR-certified home. NewHomesMate survey shows 60% of current homeowners have already acted to cut their home’s utility bills. Some 22% have invested in smart technology to keep energy usage down, while 28% have sought to improve their property’s insulation.
Energy-efficient appliances—already installed by 27% of homeowners—are in high demand, and 62% of Americans are willing to pay a premium for planet- and wallet-friendly fixtures and fittings. Given the high cost of real estate, many will be unwilling to invest in a property with high recurring costs. To capture the shrinking market, energy-saving measures should be a top priority for new construction developers.
Incentivize prospective buyers
While existing home sales have slumped by 33% since the pandemic, new construction sales have kept pace. This is in part due to homebuilders having the resources to adjust prices and offer incentives to counteract changes in the market. Whether by utilizing in-house or partner mortgage companies to provide buyers with favorable rates, covering closing costs, or offering high-end fittings as part of the deal, builders can use their position to negate many of the housing market issues facing homebuyers today.
Avoid short-term interior trends
On average, it takes 17 months to plan, design, and develop residential buildings containing two or more units. Many interior design trends do not stand the test of time, while outdated design choices can affect the saleability of a new construction home. Developers should consider styles with proven longevity. While the ‘industrial’ look was among the most popular in the 2010s, NewHomesMate survey shows 10% of people now consider it to be dated. French Provincial design, on the other hand, remains the most popular choice for homeowners seeking timeless style.
Don’t undervalue location
Safety is the top desire among Americans looking for a home, with 84% stating a safe neighborhood is important. Despite the shortage of quality housing, properties in undesirable areas remain harder to sell. While land may be cheaper and easier to acquire, developers will ultimately pay the price in additional marketing costs, longer days on market (DOM) metrics, and reduced cash flow.
Invest in infrastructure
You can change a home, but you can’t change its location. For buyers, community amenities are often more important than the property itself. For instance, NewHomesMate survey reveals 33% of Americans say a highly rated school system matters when choosing a home. Likewise, access to grocery stores (39%), public parks (24%), public transit (18%), public libraries (12%), and recreation facilities (8%) are also highly desirable. When building at scale away from developed residential areas, investment in local infrastructure is paramount.
Demolishing housing barriers: How can real estate stakeholders address the crisis?
The United States’ housing gap is ever-widening, but owning a home should be a commodity; not a luxury.
Not only do real estate stakeholders have an ethical responsibility to ensure the market remains fair and open, but the future economy could depend on it. With housing shortages and unaffordability shown to profoundly impact health and well-being, migration, familial relationships, and worker productivity, inaction risks broad national implications for businesses and society.
We’ve seen positive signs of improvement in recent years. New construction homes in Texas make up a large portion of the state’s housing supply, with 23% of all occupied units having been built since 2010. Likewise, Florida, California, North Carolina, Georgia, and Tennessee—among the areas with the most serious housing shortages—have accounted for almost half of new construction in the US since the start of the decade.
However, supply is still a long way off matching demand and there is no quick fix. However, there are ways to ease competition, improve financial situations, and assist buyers in finding suitable homes at affordable prices.
- Relax zoning laws: The severe shortage of affordable homes is a significant barrier for buyers, yet strict regulations stand in the way of a solution. By relaxing zoning laws, lawmakers would allow new construction developers to build at the required scale.
- Address wage stagnation: Wage growth slumped by 3.6% between 2022 and 2024, and this downward trend continues. As prices continue to climb and sellers resist dropping their list prices, wage growth is vital to make homes affordable to the masses again.
- Improve transparency: Homebuilders have the resources to incentivize and encourage sales. However, buyers often struggle to find information with new home listings frequently falling short, given the majority of new construction homes are not listed on a Multiple Listing Service (MLS). Improving the ease of accessing property information will help to maintain activity in the new construction market.
These changes are urgently needed. Homeownership should be a cornerstone of the American Dream. However, America’s real estate reality is declining mental health, a rise in overcrowded households, and growing rates of homelessness.
What are the experts saying?
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Methodology
This report includes data collected from the survey of 2,000 Americans conducted by NewHomesMate researchers and experts. The answers were collected online using the research market provider.
Who are these 2,000 respondents?
Gender:
Female - 43%
Male - 57%
Age:
18-24 – 12%
25-34 – 25%
35-44 – 27%
45-54 – 15%
>54 – 19%
Education:
Middle school - 1.90%
High school - 35.60%
Vocational/Technical College - 15.10%
University - 34.90%
Post-graduate - 12.50%
Income:
Under $25,000 - 25.00%
Between $25,000 and $49,999 - 24.90%
Between $50,000 and $74,999 - 17.20%
Between $75,000 and $99,999 - 12.50%
Between $100,000 and $124,999 - 6.20%
Between $125,000 and $149,999 - 3.40%
$150,00 or more - 7.80%
Prefer not to say - 3,00%
Employment status:
Employed For Wages - 47.10%
Self-Employed - 9.20%
Out Of Work And Looking For Work - 11.60%
Out Of Work But Not Currently Looking For Work - 3.10%
Homemaker - 8.00%
Student - 5.40%
Military - 0.50%
Retired - 9.90%
Unable To Work - 3.60%
Other - 1.60%
US Census region:
West - 17.60%
South - 45.10%
Northeast - 17.00%
Midwest - 20.20%
Unknown - 0.10%
The margin of error in the study is 3%.
Raw data and commentary can be provided upon request.
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32. “The hidden cost of finding a home: How is the housing crisis affecting America’s mental health?” https://newhomesmate.com/blog/mental-health-home-search/
33. “38% of Americans are Not Willing to Pay More for Eco-Friendly Appliances” https://newhomesmate.com/blog/americans-not-willing-to-pay-more-for-eco-friendly-appliances/
34. “Why Do So Many Parents Think Kids Need Their Own Bedroom?” https://www.theatlantic.com/family/archive/2024/05/children-home-solo-bedroom/678354/
35. “How Much Alone Time Do Kids Need?” https://www.theatlantic.com/family/archive/2022/11/kids-need-alone-time-benefits/672209/
36. “Having your own room as a child may be worth 28 minutes of sleep” https://www.sleepfoundation.org/sleep-news/kids-who-do-not-share-bedrooms-get-more-sleep
37. “The Housing Crunch Is Causing Americans To Delay Marriage and Children” https://www.heritage.org/housing/commentary/the-housing-crunch-causing-americans-delay-marriage-and-children
38. “Rents are rising faster than wages across the country, especially in these cities” https://www.cbsnews.com/news/rent-cost-us-2024-housing-national/
39. “Rent Increases Are Softening, but Not Everywhere” https://www.nytimes.com/2023/08/03/realestate/rent-increase-us.html
40. “How housing affects child development” https://www.habitat.org/our-work/how-housing-affects-child-development
41. “U.S. Population Projected to Begin Declining in Second Half of Century” https://www.census.gov/newsroom/press-releases/2023/population-projections.html
42. “U.S. Housing Crisis Only Gets Worse as Population Shrinks” https://www.bloomberg.com/opinion/articles/2021-12-31/u-s-housing-crisis-will-only-get-worse-as-the-population-shrinks
43. “2023 Housing Underproduction™ in the U.S.” https://upforgrowth.org/apply-the-vision/2023-housing-underproduction/
44. “Here's how every US state's population changed in 2023” https://www.businessinsider.com/state-population-growth-declines-map-moving-migration-census-2023-12
45. “Which states have the highest and lowest rates of homelessness?” https://usafacts.org/articles/which-states-have-the-highest-and-lowest-rates-of-homelessness
46. “California Housing Affordability Tracker (April 2024)” https://lao.ca.gov/LAOEconTax/Article/Detail/793
47. “These are the U.S. states with the highest—and lowest—average monthly rent” https://www.cnbc.com/2024/03/07/states-highest-lowest-average-monthly-rent-doxo.html
48. “Mortgage rates reach new high for 2024” https://www.axios.com/2024/04/24/mortgage-rates-high-april-2024
49. “Housing boom in most of the US could ease shortage, but cost is still a problem” https://stateline.org/2024/05/16/housing-boom-in-most-of-the-us-could-ease-shortage-but-cost-is-still-a-problem/
50. “Texas booms with most new homes built in the U.S. since 2010, new report finds” https://houston.culturemap.com/news/city-life/texas-highest-new-home-construction/