A significant shortage of homes exists in the US, with estimates suggesting a deficit of around 4.7 million homes. This shortage could potentially be alleviated by developing vacant lots.

Zillow has analyzed the situation and determined that building on every listed vacant lot could make a substantial impact. According to their findings, this could reduce the shortage by over 6%.

Further information on this topic is available from Zillow, including details on how vacant lots could be utilized to address the housing shortage in areas like Houston.