@Bob CraneBloomberg radio talked about this issue recently.Housing starts are lagging the improvement in the rest of the housing market, which is adding to the lack of inventory for buyers.In a very broad sense, many of the workers that were in the industry left after the downturn in 2007-2008.So, there is a huge shortage of workers.

I know that could work in theory, but I'm guessing they aren't really in favor of that option either.One day, they may be able to get a desalinization plant which could help offset some of the troubles due to the water shortage. 

Centralia Washington is a small college town, only about 4,000 students and there is a housing shortage.  

I have seen there is a shortage of framers.

I have sold over 600 DFW turnkeys over the last decade because the job market is booming (there is housing shortage, so vacancy isn't an issue) and cash flow is still high (as purchase prices are still relatively low).

I thought with the housing shortage they would make converting commercial spaces to residential would be easier/less expensive...How can we evict the tenant and get a certificate of occupancy cheaper as 14k is too much in my current situation. 

The shortage of land, combined with the increasing population, almost guarantees that property prices and rents will continue to increase.Population GrowthLas Vegas’ population continues to grow by 2-3% per year.Las Vegas, NV Will be Among the Fastest Growing Cities by 2060 Las Vegas Metro Area Population 1950-2022 - https://www.macrotrends.net/ci...A rental property is no better than the jobs around it.

Material shortages, not at fault of the contractor, things happen.

We have an inventory shortage like none other and this is driving up rental prices. 

I think values are going to continue to rise (and rents along with them) and I don't see any signs of capacity/supply coming online to alleviate the shortages.