You also make a good point, in many places zoning would prohibit construction of identical replacements of much of the housing that is located there. One of th

You also make a good point, in many places zoning would prohibit construction of identical replacements of much of the housing that is located there. One of the commenters on the article you linked makes a good point: "new single family homes are a very small part of the real estate market. most of the big price moves have been in urban areas where single family dwellings uncommon and new homes extremely rare."