Land-use regulations continue to cause housing shortage

In Politics by Michael Rae

High housing costs continue to place economic pressure on American households. In the third quarter of 2022, the median home sales price was $454,900, up from $411,200 in the same quarter of 2021 and a nearly 43% increase from $318,400 in the third quarter of 2019 before prices skyrocketed during the pandemic. Rent prices have also risen dramatically over recent years. A persistent shortage of housing units is partially responsible for the increase in housing costs. Addressing burdensome land-use regulations could help alleviate the growing housing shortage.

The housing shortage is not new. Even before the supply chain and labor disruptions