Making apartments more affordable starts with understanding the costs of building them


Policymakers and researchers have identified a number of barriers to building more—and more affordable—housing, including restrictive land use regulations, increasing costs of construction labor and materials, and greater market concentration in the homebuilding industry.

Notably, residential construction has not benefitted from improved productivity, as many other industries have.

Construction will likely slow down until the COVID-19 pandemic abates and economic conditions improve. But the public health crisis has highlighted the extent of housing insecurity among millions of U.S. renters—a problem that can only be solved by building more housing at lower costs.

Source: Making apartments more affordable starts with understanding the costs of building them

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