The US has an annualized growth rate [0] of ~.7%, or ~2M/yr, and this an historically low rate (probably b/c of economic problems)
Annualized "new housing starts" is 1.28M/yr [1]
And we already have a housing deficit, proven not only in homelessness, but in adults sharing rentals, the high cost of rent, new grads completely besides themselves in lack-of-prospects, student debt, etc... In other words, it's getting worse.
Clearly, the only answer is building more housing, and the market is not answering that call. Or give me 40 acres and a mule...
[0]: https://tradingeconomics.com/united-states/population-growth...
[1]: https://tradingeconomics.com/united-states/housing-starts