Formosan Presbyterian Church

A housing shortage will likely be another effect of the housing bubble, despite the housing market crash, foreclosure epidemic, credit crisis, massive unemployment and other hardships fade. When the U.S housing market crashed and took the rest of the economy down with it, numerous of the different banks stopped home lending, home buyers stopped getting and home builders stopped building. Even apartment construction has dried up. Even with a glut of housing inventory in 2010, a housing shortage in 2011 is forecast when a growing population exceeds accessible shelter.