American's housing shortage won't be solved for years to come

• More homes will be built in 2024, but the inventory shortage will persist.
• Moody's estimates a total housing deficit as high as 2 million units in the US.
• "The path to restoring a more balanced housing market is still many years away."

The tight housing market has shown recent signs of easing, but Moody's Analytics still anticipates Americans will face inventory snags for years to come.