



The U.S. faces a housing shortage of 4.03 million units due to insufficient construction relative to household growth, driving up prices and rents. This scarcity limits market access for first-time buyers, restricts affordable living locations for workers, and increases instability for low-income renters. Debates focus on the impact of institutional home purchases, short-term rental restrictions, and vacation homes, with shared ownership models like timeshares seen as less harmful to housing availability.