【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.
