The housing affordability crisis is one of the most pressing issues facing American society today, effectively closing the door to homeownership for many would-be buyers.Over the past decades, soaring prices have dramatically outpaced wage growth, exacerbating the challenges individuals face in the housing market.
Housing Productivity: How Regulations Affect Affordability
Housing productivity has emerged as a critical issue in the discourse around the American housing crisis, significantly impacted by land-use regulations and NIMBY policies.Despite the impressive growth in productivity across various sectors, the construction industry has faced stagnation, exacerbating the challenges of housing affordability.