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Housing Affordability Crisis: Understanding the Root Causes
The housing affordability crisis has emerged as one of the most pressing challenges facing Americans today, with skyrocketing home prices pushing homeownership out of reach for many.This crisis, fueled by factors such as stringent land-use regulations and NIMBY (Not In My Backyard) policies, has stifled construction productivity and hampered housing innovation.
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Housing Productivity and NIMBYism: A Growing Crisis
Housing productivity remains a critical concern as the United States grapples with a mounting housing affordability crisis.Despite surging productivity in most sectors during the latter half of the 20th century, the construction industry has faced significant declines, largely attributed to NIMBYism and stringent land-use regulations.
