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World demand for houses clearly exceeds supply many times over. Among many factors contributing to it are price and inability to build fast enough. Per example on Low Income Housing:

According to a study conducted by the UN-Habitat agency, in 2001 over two billion human beings — i.e. over 40% of the population in developing regions lived in cities, of which almost 870 million resided in slums. In fact, 78% of the urban population of the least developed countries (LDCs) lived in slums.

If we make the assumption that an average of eight persons comprises a household, the conclusion is an urgent need for over 100 million homes in just the slums in developing countries. In Asia and LAC, growth in urbanization through 2010 will generate a need for accommodation for 620 million human beings — which means at least another 70 to 80 million houses.

In sum, one can certainly project a need for accommodation over the next decade of 100 million houses or 1.5 trillion USD (at 15,000 USD per house).