US Faces Shortage of 10 Million Homes, White House Says

A home for sale in Austin, Texas, on April 24, 2025. Brandon Bell/Getty ImagesThe United States has a shortage of 10 million homes, a gap that the White House’s newly released 2026 Economic Report of the President attributes in part to government regulations that have increased construction costs.The estimated shortage was calculated by tracking how many single-family homes would have been built if the historical pace up to 2008 had continued, according to the report, issued on April 13 by the Council of Economic Advisers.