America’s Housing Shortage Is Intensifying During the Pandemic—Especially in Relatively Affordable Places Like San Antonio and Baltimore
Redfin
SEPTEMBER 3, 2020
Meanwhile, San Francisco has experienced a flood of homes for sale as Americans flee dense, expensive cities. America’s housing shortage was intense before the coronavirus hit, with the number of homes for sale slumping 7% year over year in February. Now it’s even more acute: Supply dropped for the twelfth-straight month in July, plummeting nearly 20% to just 1.9 million homes—the lowest level of any July on record.
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