Definition, Meaning & Synonyms
housing-shortage
noun
/ˈhaʊ.zɪŋ ˈʃɔːrtɪdʒ/
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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.
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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.
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Meaning
Housing shortages often arise from factors such as population growth, economic conditions, and inadequate construction of new homes.
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Synonyms
- housing crisis
- real estate shortage
- dwellings deficit