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On The Market

On The Market

America Doesn’t Have a Housing “Shortage” (It’s Something Much Worse)

Oct 6, 2026 · 44m

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For years, we’ve been told that the United States is short millions of homes, and that building more units is the key to solving the affordable housing crisis. But a 2024 study from Kirk McClure and Alex Schwartz reaches a different conclusion and suggests that the housing shortage narrative may be built on a shakier foundation than we’ve been led to believe. Kirk, professor emeritus at the University of Kansas, joins today’s show to dig into the actual Census data gathered from 2000-2020 and whether it really points to a nationwide shortage…or something much different. If we don’t have a supply problem, why are homes and rents still so expensive? Should policymakers rethink their push for…