Houston, Dallas & New York City: America’s Great 3-Way Housing Supply Race

[Originally published by Forbes]

 

The conversation on America’s affordable housing crisis is often fueled by anecdotes. Journalists and activists tell tales of gentrification, eviction and displacement from within their increasingly expensive cities. Then, when new housing is built that is even more expensive, the housing itself is presented as the cause, and more construction is discouraged. But a look at the numbers shows that, on the contrary, housing construction (or lack thereof) seems to be the driving factor behind whether or not large U.S. metros remain affordable.

This would be the conclusion from 7 years of data from the Census Bureau, which publishes annual lists on the number of new privately-owned housing units authorized in each metro area…[read the rest at Forbes]