Despite all the doom and gloom news of foreclosures, underwater loans, and other maladies affecting the real estate market, the truth is that many areas are now set for a an actual housing shortage. Economists now say a housing shortage might be coming: A recent article from MSN Money says that despite the glut of existing homes, with current depressed levels of construction there might be increased excess demand for new homes.

How could there be too few homes despite what we know now? “Because a big drop in home construction suggests a shortage could become an issue, and longer-term demographics support this theory as the U.S. is adding only about 600,000 housing units a year now, and the long-term growth in new households is 1.3 million to 1.4 million per year,” says the article.

And there’s a tendency in any market that when you overshoot on the upside—which the U.S. did through 2007 in real estate—you undershoot on the downside and build too few homes. So strengthening demand, combined with construction that will remain below trend, is likely to result in undersupply.

Mid-Atlantic Builders crafts the finest PG County New Homes and Maryland luxury communities, including Meadow Creek, Woodmore North, Ashleigh, The Villages of Savannah, and Beechtree. Mid-Atlantic Builders is the only choice for New Luxury Homes in Maryland, for New Luxury Homes in Prince George’s County, for New Homes in Upper Marlboro, and for Maryland New Homes.