Comment by austin-cheney

Where I live the city has gained 90,000 people in the past 5 years. It’s about 68 new residents a day or about 30 families.

They have been building houses as fast as possible here. When single family houses weren’t springing up fast enough then came the explosion of giant apartment complexes.

I am not discounting the actual economic causes mentioned in the article, but securing financing appears to be a major factor that slows things down.