Despite the recent growth in residential construction, the U.S. faces a significant structural housing shortage, estimated at 3.8 million units. This gap underscores a critical challenge. While population and household formation are increasing — with rates of 1.9 million versus 1.0 million in the early 2000s — the country isn't building houses as swiftly as it once did. Residential industry analysts predict a sustained need for millions of new units, both single- and multi-family, in the coming years. Yet, contractors face a major hurdle in lengthy lead times for electrical equipment. This is where ABB steps in as your partner in success.