I doubt it. Still 10ish years to mass baby boomer retirement, and about 3-5 years until peak millenial demand based on demographics.
The supply crunch makes a lot of sense if you think of it as those two generations moving through the system like two fat pigs through a python.
If I’m right, now is a good time to buy a starter home. Then sell it in 5-10 years to upgrade to a discount priced boomer mansion.