Source: Independendent Institute
by Christopher Calton
“The United States faces a growing housing shortage, which is driven heavily by the scarcity of available apartments. According to a joint study from the National Association of Home Builders (NAHB) and the National Multifamily Housing Council (NMHC), the US needs to add 4.3 million apartment units to the housing supply by 2035 to catch up to demand. November 22 marks the 98th anniversary of Village of Euclid v. Ambler Realty Company, the US Supreme Court decision that upheld the authority of municipal governments to enforce zoning regulations. Although zoning is a widely acknowledged contributor to the housing crisis, most reform advocates believe that the scarcity of apartments is an unintended consequence of well-meaning policy. The reality is that today’s apartment shortage reflects the desired outcome of the Euclid decision.” (11/21/24)
https://blog.independent.org/2024/11/21/us-apartment-shortage-is-zoning-working-as-intended/