Comment by loeg

Your figure doesn't contradict my claim. We have spare housing capacity in undesirable places people don't want to live (rural towns, small midwest cities). We have shortages in the (especially coastal) cities, where the jobs are. This is obvious from prices, which are set by supply and demand.

https://pbs.twimg.com/media/Gw_BQYXbUAEicud?format=jpg&name=...