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Condo Law & Practices

NYC Sees 8.8% Decline in Housing Inventory

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According to a
new report
from Construction Coverage, a website that compares construction software and insurance, the current housing shortage—which is now estimated to be between 4 million and 7 million homes—can trace its beginnings to long before the COVID-19 pandemic. In the 10 years following the Great Recession, the United States constructed fewer new homes than in any other decade sinc…


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