Research from contractor website BuildZoom shows that cities trying to build upward in order to create more affordable housing may not be the best solution. Wall Street Journal staffer Laura Kusisto explains why building up may be the less effective decision when trying to keep costs down -- tall buildings being more expensive to build.
The piece explains that in order for cities to keep up with demand, they would have to level single family housing and build apartments at rate that would cause radical change to any American city outside of Manhattan:
“The big takeaway is that if expensive cities like New York and San Francisco want to do something about affordability they have to do so at a scale that is unprecedented in this country,” said Issi Romem, chief economist at BuildZoom. “Realistically the odds of that happening are slim to none.”