Large homebuilders have used mergers and acquisitions to grow their positions in several key housing markets since the 2008 subprime mortgage crisis. The industry’s consolidation coincides with a slowdown in construction productivity and contributes to escalating prices for buyers and renters, experts say. As an economic tightening cycle initiated by the Federal Reserve freezes real estate development, politicians are promoting policy tools that could alter how homes are built in the U.S.
Chapters:
00:00-01:06 Cold Open
01:06-03:40 Chapter 1 – Home supply
03:40-08:16 Chapter 2 – Mergers & acquisitions
08:16-11:11 Chapter 3 Regulation
Produced and Edited by: Carlos Waters
Supervising Producer: Lindsey Jacobson
Animation: Jason Reginato
Additional Footage: Federal Reserve, Getty Images
Additional Sources: Associated Press, American Enterprise Institute, Census Bureau, Competitive Enterprise Institute, D.R. Horton, Federal Reserve, Hogan Lovells, John Hopkins University, Lennar, National Association of Home Builders, U.S. Securities and Exchange Commission, White House, Zillow, Zumper
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Why The U.S. Can’t Build Homes Fast Enough
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