The rush of young people to U.S. cities over the past few years is partly to blame for America’s worsening housing shortage.
By Laura Kusisto | The Wall Street Journal
In some of the country’s largest and most prosperous markets, such as New York, San Francisco, Boston and Los Angeles, housing construction has been stronger than normal in the urban core but weaker in the suburbs, where new housing can be built abundantly and more cheaply, according to an analysis set to be released Monday by BuildZoom, a Website for construction contractors.
That is a problem because suburbs are typically the main drivers of housing construction.
