While we’re very familiar withe housing crisis in major metropolitan areas – particularly the Bay Area – there is currently a shortfall of 3.8 million homes nationwide. Not surprisingly, California leads the way with a shortage of 978,000 homes.
The cost and demand for housing has far exceeded the supply and the ability to pay throughout rural regions as well as metropolitan areas.
Besides the high cost of building materials, other roadblocks include zoning regulations, environmental concerns, and the delay in getting building permits.
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