Housing Shortage Update - Summer 2022
2 Aug 2022
News
After two grueling pandemic years, a weary world rang in a tumultuous 2022. With rapid inflation, stock market volatility, and the global ripples caused by an excruciating war in Europe, the only certainty seems to be uncertainty. The current housing market is compounding those challenges in the United States. Thanks to pandemic shutdowns, labor shortages, and supply chain issues, housing inventory at the end of 2021 was already low. With a shortage of approximately 1.5 million homes, there is less inventory to rent or buy than there has been at any time in the past 30 years.
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Wabash County, IN – Wabash County was in the global spotlight this summer when members of the Grow Wabash County team, attended the Hannover Messe trade show in Hanover, Germany as well as the Select USA trade show in Washington, DC.
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