Daily Market Updates: Zillow Research estimates empty lots could cut housing shortage by 6%

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Zillow Research estimates empty lots could cut housing shortage by 6%

Using the number of empty lots currently listed for sale, Zillow Research estimates the national housing deficit would fall to 4.44 million homes.

Reported · Written up by our desk · Residential

Zillow Research says more than 300,000 empty lots currently for sale on Zillow could help narrow the United States housing shortage.

In its estimate, building one home on each listed empty lot would reduce the national housing deficit by 6%, bringing it down to 4.44 million homes.

The analysis focuses on the supply potential implied by vacant parcels available for sale, suggesting that bringing those sites into new construction could meaningfully reduce the gap between housing demand and available supply.

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Sources

Zillow ResearchMore Than 300,000 Empty Lots For Sale Could Close America’s Housing Shortage by 6%

Real Estate

Zillow Research estimates empty lots could cut housing shortage by 6%

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