Dallas-Fort Worth has a housing shortage, specifically of new homes. The Dallas News reports:
A lack of construction during the Great Recession and slow recovery of the North Texas homebuilding market has left the area with a deficit of housing.
D-FW should have build almost 1.2 million more houses than were actually produced since 2008, according to a new report by Zillow.
It's part of the more than 6 million homes missing from the U.S. market, according to Zillow analysts.
"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," Zillow senior economist Aaron Terrazas said in the report. "In nearly every major market today, single-family homes are being permitted at a lower rate than they were historically as builders face a number of challenges in adding new homes, including land and labor costs.
