In discussions of supply and demand, something that isn't often discussed is the real, physical limits of supply creation in terms of construction time, costs,

In discussions of supply and demand, something that isn't often discussed is the real, physical limits of supply creation in terms of construction time, costs, manpower and such. Demand is more flexible. This reality is also frequently ignored in the housing conversation when people advocate the solution to high prices is to simply add more supply, as if it's a given that supply could be created fast enough to overtake demand. I find that no one really ever does the work, taking into account the friction of real life on supply creation, to figure out if that's likely to be the case.