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Why is Building Slowing Down in America’s Boomtowns?

Texas has long been America’s poster child for more affordable housing, thanks to its minimal regulations and abundant land. However, this hasn’t prevented Texas cities like Austin from developing the same cost pressures as California’s metro areas, which built far…

America’s Missing 15 Million Homes

American home building has slowed down significantly over the past 25 years. If the U.S. housing stock had grown from 2000 to 2020 at the same rate as it did from 1980 to 2000, there would be 15 million more…

So Many Forms, So Few Homes: How L.A. Made Housing a Waiting Game

Los Angeles suffers from severe housing unaffordability, with one-third of renters spending over half their income on housing and over 47,000 residents experiencing homelessness. New research suggests that lengthy approval processes may be a key factor limiting housing production. Streamlining…

If You Tax the Things You Want Less of …

Los Angeles voters passed Measure ULA in 2022 to tax real estate sales over $5 million in order to fund subsidized housing programs. But new research from UCLA and RAND finds that the policy may be slowing the growth of…