Definition, Meaning & Synonyms
housing-shortage
noun
/ˈhaʊ.zɪŋ ˈʃɔːrtɪdʒ/
Definition
A housing shortage refers to a situation where the demand for housing exceeds the supply available in a particular area, leading to an increase in prices and a lack of affordable options.
Examples
- Many cities are facing a severe housing shortage, making it difficult for families to find affordable homes.
- The housing shortage has led to longer commutes for workers as they seek places to live farther from their jobs.
Meaning
Housing shortages often arise from factors such as population growth, economic conditions, and inadequate construction of new homes.
Synonyms
- housing crisis
- real estate shortage
- dwellings deficit