Housing Supply Slowdown in the Sun Belt, Coastal Cities, and Across the US

ABOUT THE EPISODE Joseph Gyourko, Wharton Professor of Real Estate, Professor of Finance, and Professor of Business Economics & Public Policy, examines long-term housing affordability trends across U.S. markets. From 1975–2000, coastal cities like San Francisco and New York saw the steepest price growth, but since 2000 Miami, Phoenix, and other Sun Belt housing markets have surged. Despite strong demand, new single-family construction has slowed due to local regulation and zoning. Gyourko warns that if supply remains constrained, Sun Belt real estate could face the same affordability challenges as today’s coastal markets.

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