Abstract
Labor scarcity is constraining the housing production capacity in the US to levels below what is required to keep pace with population growth. The resulting supply-demand imbalance is expected to be a long-term trend to which there is no quick fix. This article outlines the implications of this long-term trend and associated opportunities for investment in real estate, construction technology, and property technology.
Overview of US Housing Shortage
The United States is currently experiencing a housing shortage that is expected to persist for many years into the future (see 2019 Harvard University Joint Center