A TROUBLING SHORTAGE of HOMES

From 2009 to today new homes, condos, apts. total 5.6 million.  Over the same period 1.7 millions housing units were obsolete & demolished.  A net of 3.9 million housing units to the country’s stock is not adequate in light of 17.3 million additional people in the county over the same period.  With an average of 2.5 persons per household, then a total of 6.9 million new housing units are 3.9 millions short of 3 million homes, according to Lawrence Yun NAR chief economist.  MORE TO COME