We don't just need more houses. We need to be allowed to build smaller houses on smaller lots.
1975: ~1,535 sf | $153/sf in today's dollars
2025: ~2,194 sf | $190/sf
Adjusted for inflation, this is a ~24% increase in price per sqf. Guess what, adjusted for inflation, also increased ~24%? Real median household income.
Zoning, minimum lot sizes and setbacks have helped regulate the starter home out of existence.
I don’t know who needs to hear this but we need to build a ton more houses or we risk Gen Z checking out from life.
Just so many young people think it’s not even worth trying for the American Dream.
When the mean house price is over $400k, we got a problem.