Majority of homeowners support adding more housing options in residential neighborhoods: survey
From rampant homelessness in San Francisco, Calif., to skyrocketing prices in Salt Lake City, Utah, and bidding wars in Spokane, Wash., the United States is in the throes of a housing crisis. Economists tend to say the root cause is development restrictions limiting new construction, especially of smaller, more affordable housing. As two partners in a wealth management firm put it on CNBC.com late last month, “There has simply been a large mismatch between the supply of and demand for housing, a