Why It’s Tough to Calculate the Housing Shortage
Many of us agree that we have a housing shortage. Its size though is debatable. The Housing Shortage. Households. For starters, we should identify which households are looking for housing. Defined as all people that share one housing unit, households could be composed of a single individual or many, a family, or unrelated people. Ascending in size since 1960, there are 131 million households in the U.S. ext, we can move to supply and demand. While we can calculate a shortage by comparing the number of households to the available housing units, it’s not quite that simple. ….[READ]
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