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The United States needs upwards of 4.5 million more houses to adequately house the population, but builders simply aren’t building enough. Theories abound as to why, in a market where millions of people are dying to buy a house - any house - builders aren’t scrambling to meet that need. And while many factors feed into this hugely complicated and expensive industry, one has gone relatively undercover: the stranglehold that the biggest homebuilding companies have on the most important asset of all.
BIG Newsletter
https://www.thebignewsletter.com/p/its-the-land-stupid-how-the-homebuilder
D.R. Horton
https://investor.drhorton.com/
Lennar
https://investors.lennar.com/
Brookings Institute
https://www.brookings.edu/articles/where-do-the-estimates-of-a-housing-shortage-come-from/
Zillow
https://zillow.mediaroom.com/2024-06-18-The-U-S-is-now-short-4-5-million-homes-as-the-housing-deficit-grows
Joint Center for Housing Studies, Harvard
https://www.jchs.harvard.edu/blog/estimating-national-housing-shortfall
https://www.jchs.harvard.edu/sites/default/files/dl-transcript/m00-1_alexander.pdf
https://www.jchs.harvard.edu/research-areas/working-papers/concentration-homebuilding-industry-trends-strategies-and-prospects
US Census
https://www.census.gov/construction/nrs/historical_data/index.html
BUILDER
https://s3.amazonaws.com/HW_Assets/Marketing/BD/0324_BD_LocalLeader_Download_ONLINE.pdf
Johns Hopkins Carey Business School
https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3303984
Providence Journal
https://www.providencejournal.com/story/business/real-estate/2019/10/19/increasingly-economists-find-homebuilding-in-fewer-hands/2491165007/
Forestar Group
https://app.quotemedia.com/data/downloadFiling
Jacobin
https://jacobin.com/2020/02/frederick-douglass-accumulation-wealth-land-reformer#:~:text=We%20want%20no%20poor.,of%20their%20heaven%20descended%20right.
Vox
https://www.vox.com/policy-and-politics/22951092/land-tax-housing-crisis
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