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by Tyler Durden Forget skyrocketing home building costs because there s another more pressing bottleneck: buildable land scarcity.  According to Bloomberg, Ali Wolf, the Chief Economist at Zonda, which analyzes housing market data, said everyone knows about the supply-drive issues when sourcing raw materials for a build. Lumber prices have been driven up due to shortage and the lack of new mills coming online, copper and other base metal prices are through the roof, concrete is getting more expensive, and many other building materials are rapidly increasing over the past year.  Ali explained besides surging building costs. There s an overlooked issue that s starting to become a significant bottleneck for homebuilders and or anyone who wants to build a new home, which a shortage of ready-to-build lots.

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