2026年3月3日 上午11:06 UTC / 路透社
A for sale sign is shown for a residential home in Encinitas, California, U.S. July 25, 2025. REUTERS/Mike Blake/File Photo Purchase Licensing Rights, opens new tab
WASHINGTON, March 3 (Reuters) – 周二发布的一份独立报告显示,2025年美国住房供应缺口进一步扩大,同时家庭数量增加,这表明许多潜在购房者将继续被排除在市场之外。
Realtor.com在其2026年《住房供应缺口报告》中表示,供应缺口去年从2024年的380万套扩大至约403万套。2025年约有141万户家庭形成,而2024年这一数字约为99.9万户。
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政府上月估计,2025年新建住房单元约为135.9万套,较2024年下降0.6%。报告称,2025年约有149.8万套住房竣工,较2024年下降7.9%。
Realtor.com表示,住房短缺加剧了长达十余年的建设不足问题,这一问题限制了供应、推高房价通胀,并使购房变得更加遥不可及,尤其是对年轻人而言。
Realtor.com首席经济学家丹妮尔·黑尔(Danielle Hale)表示:“超过400万套住房的供应缺口凸显了住房短缺问题的根深蒂固。如果不持续且有针对性地增加住房供应,特别是在就业增长强劲且需求持续的地区,负担能力挑战将继续使许多潜在购房者望而却步。”
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住房负担能力不足已成为11月中期选举前的热点问题。特朗普政府已实施一系列措施,包括购买抵押贷款支持证券(MBS)和禁止机构投资者购买单户住宅。
尽管今年抵押贷款利率大幅下降,但经济学家认为进一步降息的空间有限,原因是对国债和高通胀的担忧。
抵押贷款利率跟踪美国国债收益率,而美国国债收益率周一飙升,原因是以色列和美国对伊朗发动袭击,以及德黑兰的报复行动导致油价飙升。
经济学家和贸易组织表示,唐纳德·特朗普总统采取的激进贸易和移民政策推高了建筑材料和家电价格,并削弱了劳动力供应,这限制了建筑商启动新单户住宅项目的能力。此外,由于州和地方政府的规定,建筑用地也十分稀缺。
Realtor.com表示,负担能力仍然是主要障碍。报告称,尽管2025年购买中等价格入门级住房的最低建议收入为8.6万美元,较2024年减少约8,000美元,但这仍然高于许多年轻家庭的收入水平。
报告指出:“中等购房首付达到30,400美元,占购房价格的14.4%。按照当前的储蓄率,中等收入家庭需要七年时间才能攒够典型的首付金额。”
路透社记者露西亚·穆蒂卡尼(Lucia Mutikani)报道;编辑保罗·西马奥(Paul Simao)
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US housing supply gap widens further in 2025, Realtor.com says
March 3, 2026 11:06 AM UTC / Reuters
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A for sale sign is shown for a residential home in Encinitas, California, U.S. July 25, 2025. REUTERS/Mike Blake/File Photo Purchase Licensing Rights, opens new tab
WASHINGTON, March 3 (Reuters) – The U.S. housing supply gap widened further in 2025 while more households were formed, an independent report showed on Tuesday, suggesting that many potential homeowners will remain sidelined from the market.
Realtor.com said in its 2026 Housing Supply Gap report the supply deficit widened to an estimated 4.03 million homes last year from 3.80 million in 2024. Approximately 1.41 million households were formed, compared to roughly 999,000 in 2024.
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An estimated 1.359 million housing units were started in 2025, down 0.6% from 2024, the government estimated last month. About 1.498 million housing units were completed in 2025, down 7.9% from 2024, it said.
Realtor.com said the housing shortfall added to more than a decade of underbuilding that has constrained supply, fueled house price inflation and pushed homeownership further out of reach, especially for younger people.
“A supply gap exceeding 4 million homes underscores how deeply rooted the shortage has become,” said Danielle Hale, chief economist at Realtor.com. “Without a sustained and targeted increase in housing supply, particularly in areas with strong job growth and persistent demand, affordability challenges will continue to sideline many would-be buyers.”
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Lack of housing affordability has become a hot-button issue ahead of the midterm elections in November. The Trump administration has implemented a raft of measures, including purchases of mortgage-backed securities and banning institutional investors from buying single-family homes.
Though mortgage rates have declined significantly this year, economists see limited scope for further decreases, citing concerns about the national debt and high inflation.
Mortgage rates track U.S. Treasury yields, which spiked on Monday as Israeli and U.S. strikes on Iran and retaliation by Tehran sent oil prices soaring.
President Donald Trump’s aggressive trade and immigration policies, which have raised prices for building materials and appliances and undercut labor supply, are constraining builders’ ability to break ground on new single-family housing projects, economists and trade groups say. Building lots also are scarce amid state and local government regulations.
Realtor.com said affordability remained a key barrier. It said though the minimum recommended income to purchase a median-priced starter home was about $8,000 lower at $86,000 in 2025 compared to 2024, it was still above the earnings of many younger households.
“The median down payment reached $30,400, representing 14.4% of the purchase price, and it would take a median-income household seven years to save for a typical down payment at today’s saving rates,” it said.
Reporting by Lucia Mutikani; Editing by Paul Simao
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