ShareFollowing decades of underbuilding and underinvestment, the US faces an acute shortage of available housing, an ever-worsening affordability crisis and an existing housing stock that is aging and increasingly in need of repair—all to the detriment of the health of the public and the economy. The scale of underbuilding and the existing demand-supply gap will require a major national commitment to build more housing of all types by expanding resources, addressing barriers to new development and making new housing construction an integral part of a national infrastructure strategy.
On July 15, 2021, NAR hosted a virtual event featuring a presentation of the new report by the Rosen Consulting Group, Housing is Critical Infrastructure: Social and Economic Benefits of Building More Housing, which discusses the consequences of underinvesting in housing in the U.S. The report presentation was followed by a panel of policy experts discussing strategies for ways to tackle the underbuilding gap.
