The subprime crisis is why there is a lack of supply. Home construction cratered for years after the 2007-8 shock. When recovery took hold, we had a enormous de

The subprime crisis is why there is a lack of supply. Home construction cratered for years after the 2007-8 shock. When recovery took hold, we had a enormous deficit in available supply and are nowhere near closing it. Figure 3 tells the tale: https://cre.moodysanalytics.com/insights/cre-news/one-good-year-does-not-solve-americas-housing-shortage/ https://cre.moodysanalytics.com/insights/cre-news/one-good-y...