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Forbes Business Council: How Real Estate Professionals Can Help Address The Housing Shortage

December 13, 20231 min read

“How Real Estate Professionals Can Help Address The Housing Shortage.” ~ Cody Bjugan|Forbes Council Member

The U.S. is no stranger to economic challenges, but one crisis has been looming large in recent years: the housing shortage.

Often referred to as the "housing crisis," this phenomenon represents a growing concern, both in the minds of the American public and the larger macrocosm of interconnected market economies. A pertinent example of this shortage first evinced itself in the multifamily real estate sector in 2022. The Wall Street Journal reported that investments in apartment buildings plummeted a staggering 74% as of May 2023 when compared to data from the same quarter a year prior.

What does this mean for the future? Some say the first ripples of this shortage could appear as early as 2025, which means there could be even more scarcity of available properties in less than two years from now.


How Real Estate Professionals Can Help Address The Housing ShortageAddress The Housing ShortageCody BjuganAllied Development
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Cody Bjugan

Cody Bjugan is a 20 year veteran land developer on projects across the United States. These projects are a result of Cody’s specialized experience in acquisitions and entitlements of OFF-MARKET raw land that has development potential. He excels in negotiation and out-of-the-box problem solving to create win-win real estate transactions. As part of Cody’s legacy, he created VestRight to share his knowledge and make a difference in people’s lives. VestRight is an educational and coaching company dedicated to transforming lives by teaching real estate investors, real estate agents, and other entrepreneurs how to generate truly life-changing wealth through land acquisition deals. Beyond his all-important task of being a husband and father of 3, his mission is to share so that we together can create fulfilling legacies through our purpose and impact.

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