The US has a population of 329.5 million. Average household size is 2.51 people. So we need to house 131 million families - but the US already has 142 million housing units. The surplus is 3x the headline. What am I missing?
The market isn't perfect. The houses might not be where the demand is or the type/size needed and there will always be some unoccupied percentage due to moves, investments etc.
I would assume 10% unoccupied is the minimum needed.
I would assume 10% unoccupied is the minimum needed.