Part 2/9:
As construction costs soar due to disrupted supply chains, the types of properties that developers are inclined to build are heavily influenced by profit margins. The unfortunate irony is that the only type of housing proving financially viable in this climate is luxury property. In the rush to capitalize on higher profit margins, the essential homes that average families truly need continue to slip further out of reach. Most estimates indicate a shortfall of approximately four million homes in the U.S.