by Jon Guze
Senior Fellow, Legal Studies, John Locke Foundation
Although construction rates have been steadily rising – with June new home sales up 2.4 percent from a year ago – the U.S. is still building fewer single-family homes on a per capita basis than it did historically.
From 1985 to 2000, there were 3.9 single-family residence building permits for every 1,000 residents. Currently, that number is 2.6, a decrease of 33.5 percent.