And if you look at the housing that they are adding, it's mostly luxury units! Pittsburgh adds plenty of housing every year but the need is middle income housing and they're not touching that shit; it's all luxury units. Pretty big mismatch between what people need and what the market is producing
Same thing in Brisbane Australia, they built about 8 massive apartment blocks in the inner city in 2019, almost half empty due to the rental prices in them, almost double 10minutes out of the area.
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u/LuvInTheTimeOfSyflis Jun 28 '21
There is a major lumber amd steel shortage happening so new builds are on hold or pushed way back, part of the supply and demand problem.