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Supply constraints dictating the shape of America's growth
In expensive coastal cities, slow outward expansion and gradual development have depleted the supply of vacant lots.
In the San Francisco area, it has become so hard to build in the suburbs that the central city and nearby urban neighbourhoods now lead the way in housing construction.
PHOTO: BLOOMBERG
GETTING new housing built in San Francisco is a famously difficult endeavour.
The city is hemmed in by water on three sides, ran out of greenfield tracts to build on in the 1950s, and is full of people who think their city is perfect as it is and doesn't need to get any bigger -...
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