> Construction in the USA is driven by capitalism. From my own observations, a big part of why we build less in recent times is the real estate market crash in 2008. We're still feeling the effects.
An efficient market would see an increase in supply to meet demand. This is exactly what happened in Minneapolis, Raleigh, and many cities in Texas, which made it comparatively earlier to get construction permits (in some cases, particularly for multi-family housing).
An efficient market would see an increase in supply to meet demand. This is exactly what happened in Minneapolis, Raleigh, and many cities in Texas, which made it comparatively earlier to get construction permits (in some cases, particularly for multi-family housing).