"Housing Boom Hits City, but Crisis Remains Unresolved. Despite a surge in construction, the city's housing market is still grappling with a staggering shortage of available homes. According to the latest data, a flood of completed and proposed buildings has flooded the market, but the influx of new supply is being quickly absorbed by a growing population. However, with a massive 400,000-unit deficit still plaguing the city, it remains to be seen whether the current building boom will be enough to meet the demands of its residents. Will the city's housing crisis finally start to ease, or will the shortage continue to drive up prices and put pressure on homebuyers?"
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.
