• Zillow analysis shows the US housing deficit held near 4.7 million units in 2024, rising 43,438.
• Shortfall growth slowed sharply from 256,847 in 2022, 159,063 in 2023, signaling supply roughly matched new demand.
• Housing stock increased about 1.4 million units, driven by multifamily completions hitting a 50-year high.
• Nationwide affordable for-sale listings rose to 35.2% in May 2026 from 30.8% in May 2025.
• Deficits remained concentrated in high-cost metros; New York 405,956, Los Angeles 344,533, Boston 147,028, San Francisco 132,116.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Zillow Group Inc. published the original content used to generate this news brief via PR Newswire (Ref. ID: 202607150800PR_NEWS_USPR_____SF04947) on July 15, 2026, and is solely responsible for the information contained therein.