"Construction Boom Fails to Keep Up with Demand in Overcrowded City. Amidst a nationwide housing shortage, a surge in completed and proposed buildings has hit the city, but the influx of new supply is being rapidly absorbed by a massive 400,000-unit deficit. Despite the efforts to increase housing stock, the city remains one of the most overcrowded areas in the country, with thousands of residents still struggling to find affordable and available homes. As the demand for housing continues to outstrip the supply, city officials are under pressure to implement effective solutions to address the crisis and provide relief to those in need."
A rush of completed and proposed buildings outpaces the rest of the nation, but the new supply is still dwarfed by a 400,000-unit deficit of homes in the city.
