GROWTH by NCRC, April 1, 2022, From Wall Street: Forget owning. Rent the American Dream instead
The Great Recession, not consumer choice, is the first cause of the madness in the marketplace. This is followed closely by unnecessary zoning and permitting impediments to affordable home building. The loss of builders and skilled laborers, with a 40% reduction in construction workers and builders from the Great Recession, has seriously limited our ability to respond. Also at issue is the lack of easy capital that flows to mega buyers like Tricon. The National Community Reinvestment Coalition (NCRC) Fund, which has a mission of acquiring or building homes for individual owners in working-class communities, along with other small and medium-sized builders cannot achieve scale without this kind of capital.