Freddie Mac: Housing market is short 2.5 million units
December 10, 2018 / Kelsey Ramírez
The housing market needs an additional 2.5 million units just to match what is needed for long-term demand, according to a new analysis from Freddie Mac. As it turns out, housing inventory is far behind what is needed for the housing market, driving up rent and home prices, which will continue to outpace income growth, according to the report. And what’s more, this will continue to be a problem for years to come.