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Empty Lots Could Slash Housing Shortage | Real Estate News
Over 300,000 empty lots across the U.S. — many under an acre — could slash the housing shortage by 6% if just one in three were developed. Zillow calls them “lowest-hanging fruit,” and with zoning reform, faster permits, and easier loans, building on them could drop the national deficit from 4.7 million to 4.44 million homes. Florida leads with 42,000+ lots, followed by Texas, California, North Carolina, and Georgia — with rural areas holding 25% of all listings. New government programs and legislation like the 21st Century ROAD to Housing Act aim to clear the hurdles blocking construction…
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