that's because "more supply" hasn't been anywhere close to enough supply, judging by historical housing needs by population age demographics. More supply is absolutely the key thing missing, but it needs to be a lot more supply.
Not all of those empty houses will be places people want to live in, but I'd bet a fair amount of them are perfectly fine places people would love to call home if they could only afford them.
that's because "more supply" hasn't been anywhere close to enough supply, judging by historical housing needs by population age demographics. More supply is absolutely the key thing missing, but it needs to be a lot more supply.
https://www.axios.com/2023/12/16/housing-market-why-homes-ex...