Shortage of housing?

Interesting news posted at denverpost.com....

"What's also encouraging is that the recession's severity has left much pent-up demand. Mark Zandi of Moody's Economy.com reckons that the underlying need for housing totals about 1.85 million units a year. Meanwhile, home and apartment construction is running at 600,000 a year. "We're working down a high inventory of unsold homes," says Zandi, "but housing will come back.""