Land for Housing is Short Because of Land-Use Restrictions & Lack of Infrastructure
A recent article in the Wall Street Journal (reposted on Realtor.com) says land for housing is in short supply because of land-use restrictions and lack of infrastructure. They say land-use restrictions and a lack of public investment in roads, rail and other infrastructure have made it harder than ever for developers to find sites near big population centers to build homes. As people keep moving to big cities they are pushing up land prices and making the housing shortages in fast-growing urban areas even worse.
“The United States, a country of wide open spaces, is short on land.”
“Land-use restrictions and a lack of public investment in roads, rail and other infrastructure have made it harder than ever for developers to find sites near big population centers to build homes. As people keep moving to cities such as Austin, Phoenix and Tampa, they are pushing up the price of dirt and making the housing shortages in these fast-growing areas even worse.”
“Most economists say municipalities need to relax zoning rules and other restrictions to bring down land inflation and build more housing.”
Click here to read the full story at Realtor.com.
Click here to read the full story at the Wall Street Journal.
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