Urban Boom and Housing Crunch: The Dramatic Rise of U.S. City Home Prices

Between 1980 and 2020, the population of urban areas in the United States saw a surge of nearly 50%. Concurrently, most of these urban regions implemented strict regulations on the construction of new, denser housing. As a result of this combination – the escalating demand due to population growth and the tight controls on supply – housing prices in US cities have experienced a sharp and dramatic rise.