Lack of new housing nationally...

[Jon Q.]

There is a lack of new housing nationally… and this will not be fixed by our government or anyone else anytime soon. FYI: the median cost of a house in the U.S. is currently $263,000

http://www.politico.com/agenda/story/2017/07/07/housing-crisis-shortage-no-fix-000472

[Account Closed]

The cost to develop lots has become outrageous in recent years. Municipalities now want Cadillac quality land developments to put Chevrolet quality houses on. Red tape and burecratic hassles have kept a lot of developers on the sidelines. Large institutional home builders are willing and able to put up with the hassles. Smaller developers don't want to deal with the hassles and have better avenues to invest their money. I have been to several meetings held by cities to discuss affordable housing and they solicit ideas one day and the next day they introduce new regulations that increase development costs. We can't all live in a This Old House world" where there are unlimited budgets to try every new technology and method as well as hire every expert in a hundred mile radius.