The American Dream is at risk because homeownership – the primary method for wealth accumulation in the country – is simply out of reach for millions of Americans. And it’s a crisis of our own making by making it increasingly challenging to build new homes.
The supply shortage is years in the making and is mainly the result of a welter of zoning restrictions in many populous communities and rising construction costs. Estimates show the country has a shortage of housing between 3.8 to 4.9 million units.
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