A. It’s very easy to go over budget building a house, and therefore a riskier proposition for low-income people B. It can be much harder (higher down payment/h

A. It’s very easy to go over budget building a house, and therefore a riskier proposition for low-income people B. It can be much harder (higher down payment/harder to qualify) to get a land loan and a construction loan, Vs. a mortgage + more expensive as you need to pay for all of that for the time the house is being constructed and also pay for a place to live... C. Often times lot values imply the highest density development e.g. in order for the purchase price of a lot to make sense you can’t just build a single family home but need to build 3 town homes for the economics to workout