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| Sponsored by Quicken Loans |
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| Homes by the Millions 'Missing' Thanks to Underbuilding |
| By Suzanne De Vita |
With building halted in the recession and construction at insufficient levels since, there is a 6.3 million deficit in the housing stock, according to an analysis newly released by Zillow. From 2008 on, there have been 1.9 approved building permits (single-family) per 1,000 people—but, historically, the number has been 3.9. According to the analysis, if construction had continued at the latter level, there would be 6.3 million more homes, roughly, today.
"Building activity came to a near-standstill when the housing market collapsed, and now a decade later, years of underbuilding have left a gap of millions of homes missing from the American housing stock," says Aaron Terrazas, senior economist at Zillow. ...
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Invasive plants can ruin a perfectly functioning ecosystem, creating issues for years and potentially changing landscapes forever.
