This article was originally published on Common Edge.
The U.S. housing shortage is most severe on the more affordable side of the market. At a time when costs are escalating broadly and homes that were recently attainable by many have moved out of reach of most, this is no surprise. The problem is most acute in the heated markets, of course, where affordability mandates and rent controls seek to retain rental affordability for some, as owning a home in such markets is a dream accessible only to the wealthiest. (No measures in this post have any impact on these markets.)