Workin' down the Housing Shortage. Deny Sullivan, June 2024. This graph assumes that the current pace of housing starts is maintained.
A comparison to the pre-Covid pace, with the assumption that there’s 2 people per home:
I think the key takeaway is that we should not be despondent about the housing shortage, that we have a real shot at making great improvements within a few years, but also that we need to keep the foot on the gas - given where we are and the uncertainties involved with forecasting these things.