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The problem is that the US just doesn’t have enough homes. The solution might be too expensive for homebuilders’ liking.

Home prices are growing at their fastest rate on record, and economists are attributing the tightness to simple economics: Where the rally that famously went bust in 2008 was fueled by risky lending and speculation, today’s price growth has more to do with huge demand and inadequate supply. If left unaddressed, the shortage could price millennials out of the market just as they reach peak homebuying age.

The trend isn’t promising. Housing starts fell details ⇒

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