26 May Why the U.S. is facing a housing shortage
Posted at 10:06h in Govt Affairs, Homebuyers, News
By: CNBC, MARKETS AND POLITICS DIGITAL ORIGINAL VIDEO
The U.S. has a housing shortage. With city dwellers moving to the suburbs and potential sellers unwilling to show their homes during the Covid pandemic, in April there were only 1.16 million U.S. homes for sale, down 20.5% from a year earlier. That lack of inventory has helped push prices higher. Home prices surged in March, up 13.2% from the previous year, according to the S&P CoreLogic Case-Shiller National Home Price Index. Watch the video to find out why is the housing supply so meager.