【Zillow】During The Pandemic, Relatively Fewer Land-Use Restrictions In Some Markets Created Pockets of Housing Affordability

• During the pandemic, new single-family construction surpassed the 1-million-unit threshold for the first time since 2007.
• As mortgage rates doubled, markets with fewer land-use restrictions saw relatively more building activity, and became pockets of housing affordability.
• Conversely, regions with the most restrictive land-use regulations — Los Angeles, San Diego, San Jose, Sacramento, and Riverside — now have the smallest share of affordable listings on Zillow.

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