It has become a common trope to say that the U.S. is structurally under-housed, but according to a few key indicators, the U.S. housing market is more balanced than one may think. In fact, employment growth as a share of new housing permits has remained below 1 as the number of housing permits issued has outpaced new jobs since 2020.
Apartments act as release valve for constrained housing market
Nationally, new job creation is not too far ahead of housing permits
By Juan Arias
CoStar Analytics
November 1, 2024 | 8:05 P.M.
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