Full Citation

Title: The Large Unmet Demand for Housing

Citation Type: Miscellaneous

Publication Year: 2017

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Abstract: Over the past few years, new home construction has fallen considerably short of rising demand for housing, putting downward pressure on apartment vacancies and existing homes for sale and preventing young adults from forming new households. Increasing rents and sales prices will spur construction growth over the medium term. But the level of home construction is likely to remain low by historical benchmarks, significantly constraining household formation.

Url: https://www.kansascityfed.org/~/media/files/publicat/research/macrobulletins/mb17rappaport0412.pdf

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Authors: Rappaport, Jordan

Publisher: Federal Reserve Bank of Kansas City

Data Collections: IPUMS USA

Topics: Housing and Segregation

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