Housing Supply Shortage in Fast-Growing Suburbs Sparks Surge in Costs
By
littlexsparkee
The kind of bagel that ruins lesser bagels for you.
Summary
Housing supply growth in fast-growing suburbs like Phoenix, Dallas, and Atlanta has plummeted since the early 2000s, leading to surging housing costs. A new working paper by urban economists highlights this trend.
Key quotes
· 3 pulledAcross Sunbelt metros like Phoenix, Dallas, and Atlanta, housing supply growth has actually plummeted since the early 2000s.
Housing costs in these metros have surged as a result.
Gyourko, a professor at the University of Pennsylvania’s Wharton School who decades ago documented slowing housing growth in superstar cities like New York
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