Five Facts about Our Housing Supply Explain High Rents and Home Prices

Urban Institute, Jan. 29, 2020
The report notes since 2009, housing demand has outstripped supply in the United States—quite significantly in some areas. In 2018, the latest full year for comprehensive data, the Urban Institute estimate 1.2 million new households were formed, but the U.S. produced a net of only 850,000 new housing units.