America faces a growing crisis in housing supply unseen since the aftermath of the Second World War. It is both driving families out of many regions, particularly along the ocean coasts, and forcing many others to live in more crowded dwellings than most prefer. Although population growth has slowed significantly since the 1950s and 1960s, production has stalled even more so. It’s not surprising that homebuilding declined after the housing bubble burst in 2008, but it also slowed by almost a quarter from 2011 to 2015.i
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