==At significantly higher cost.== Significantly higher building costs, but lower land acquisition costs. Excerpt from a BuildZoom analysis: "The high cost of

==At significantly higher cost.== Significantly higher building costs, but lower land acquisition costs. Excerpt from a BuildZoom analysis: "The high cost of housing in expensive coastal metros is not driven by construction costs. It is driven by the high cost of land which, in turn, reflects a scarcity of zoned units, not a scarcity of land per se." https://www.buildzoom.com/blog/paying-for-dirt-where-have-home-values-detached-from-construction-costs https://www.buildzoom.com/blog/paying-for-dirt-where-have-ho... ==That the difference is in part due to policy doesn’t change that there is less availability== Except the current policy explicitly limits the availability, they are one in the same.