The "Housing Polycrisis" is a term used to describe the convergence of interconnected crises that are impacting the global housing sector. These crises include climate change, resource scarcity, economic instability, and social inequalities. The housing crisis, characterized by affordability issues, inadequate supply, and insecure tenure, is exacerbated by these converging challenges, creating a complex web of interconnected problems. This research examines the intricate links between housing and the broader polycrisis, focusing on the impact of climate change on housing affordability and displacement, and the role of resource scarcity in driving up construction costs.

The United States is facing a significant housing shortage due to underbuilding, which has been exacerbated by the COVID-19 pandemic and changing housing preferences. This shortage has driven up housing costs, making it increasingly difficult for individuals and families to find affordable homes. Several factors contribute to underbuilding, including high construction costs, regulatory barriers, and the impact of institutional investors. Addressing this issue requires a multifaceted approach, including regulatory reforms, cost management, and incentivizing affordable housing development. Failure to address the housing shortage can have severe social and economic consequences, including increased homelessness, reduced economic growth, and exacerbated income inequality.

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