Why is There a Shortage of Entry-Level Housing?

From 1976 through 1979, about 420,000 new houses were built each year. However, by the 90s, this number dropped by over half to just 207,000 new homes being built each year. Finally, at the end of the 2010s, that number dropped again to a whopping 55,000 homes being built a year, just shy of 7% […]