The Harvard Joint Center for Housing Studies has found that new housing construction, particularly on the West Coast of America, has only matched, not exceeded, formation of new households. This issue and the data behind it are analyzed in their 10/23 publication at https://www.jchs.harvard.edu/blog/where-hasnt-housing-construction-kept-pace-with-demand/.
On a related note, Zillow Research finds People Start Living Alone Later. Packed with good information, the article notes that rising housing costs (rental and ownership) combined with slower wage growth across a majority of job sectors, leads young adults to delay independent living.
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