# The ‘haunted’ housing market’s real problem may be too few people, not too few homes, says J.P. Morgan’s David Kelly

- Source: Fortune | FORTUNE
- Published: 2026-11-02T08:03:00+00:00
- Category: Local
- Original: https://fortune.com/2026/11/02/housing-shortage-too-few-people-immigration-jpmorgan-david-kelly/
- Canonical: https://groundlevelnews.com/story/the-haunted-housing-market-s-real-problem-may-be-too-few-people-not-to-e9a073/

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.

_Ground Level News shows a short summary only; the full article and all rights belong to Fortune | FORTUNE._