Business / Fortune ·
The ‘haunted’ housing market’s real problem may be too few people, not too few homes, says J.P. Morgan’s David Kelly
November 2, 2026 at 8:03 AM · Source: Fortune
Kelly estimates the U.S. now needs just 320,000 new homes a year, down from about 1 million, as immigration enforcement slows population growth.
This story was first reported by Fortune.
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