The National Housing Deficit Stopped Getting Worse in 2024, Holding at 4.7 Million
A construction boom helped hold the deficit nearly flat in 2024, growing by just 43,000 homes, the smallest increase in years
Zillow research tracks the supply of newly constructed homes, analyzing new construction listings, builder inventory levels, and sales volumes. Explore insights on how the availability of new homes impacts pricing, buyer competition, and market trends.
The National Housing Deficit Stopped Getting Worse in 2024, Holding at 4.7 Million
A construction boom helped hold the deficit nearly flat in 2024, growing by just 43,000 homes, the smallest increase in years