Yonah Freemark
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Yonah Freemark
@yonahfreemark.com
Transport / Housing / Land Use / Politics / @urbaninstitute.bsky.social / Le progrès ne vaut que s’il est partagé par tous / yonahfreemark.com / thetransportpolitic.com
I just used the data that is in the NTD by urban area… so nothing more complicated than that.
January 10, 2026 at 8:32 PM
Census urban area
January 10, 2026 at 8:03 PM
Though land use policy plays a general role in impacting housing project feasibility, this current trend is not the product of tighter land use regulations. It is the result of the economic environment.
January 10, 2026 at 5:30 PM
Though incomes have increased over that time, the increase in incomes has been lower than the increase in construction costs, notably, which have been +50% in some regions since 2020!
January 10, 2026 at 5:29 PM
Post-Great Recession, there was a constant increase in housing construction in the US. That came to an end in spring 2022. US has been declining since.

High debt costs + high construction costs make construction loans require much higher future rents/home prices, making projects less feasible.
January 10, 2026 at 5:28 PM
The article that’s linked there!
January 10, 2026 at 4:11 AM
Yeah, I think those are fair points!
January 9, 2026 at 3:36 PM
Good Q — I'll try to look into it later!
January 9, 2026 at 2:25 PM