[DrReachAround]

This is absolutely false. Since 1968, 77 million housing units have been been built in the US. Assuming 2.5 people per household, today's average, that's enough for 190 million people. US population has increase 133 million since 1968. We have plenty of housing. It may just not be where you want to live and the type of housing want at the price you want. But no one is guaranteed any of those and shouldn't be.

https://fred.stlouisfed.org/graph/?g=1aeIa

If you want to understand the housing price problem, look no further than the irresponsible monetary policies of the last 20 years.

Simply looking at median house prices to median household income we can clearly see the impacts to housing prices from the stimulus following the dotcom bust, the stimulus following the housing bust, and the stimulus from the pandemic. Hint, they're the big upward slopes.

https://fred.stlouisfed.org/graph/?g=1adYW

Take away the irresponsible and unnecessary stimulus and you have a reasonable housing market at 4x income, not 6x.

[userinanother]

But where were they built. Often there is a mismatch between where you need housing and where you get it

[HDThoreaun]

New builds never recovered from 08.