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Homebuilding Still Not Up to Par

According to a new Zillow report:

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.

Jon Guze / Senior Fellow, Legal Studies

Jon Guze is the Director of Legal Studies at the John Locke Foundation. Before joining the John Locke Foundation, Jon practiced law in Durham, North Carolina for over twent...