The article discusses the aging housing stock in the U.S. and highlights the lack of new construction. Older cities possess an appeal with their historical homes; however, this is juxtaposed against a significant housing shortage caused by decades of underbuilding. As prices escalate, especially in regions struggling with inadequate supply, the differences in housing availability between the Sun Belt and Midwest cities illustrate the varied market impacts. The ranking of cities with the oldest homes underscores the need for more construction to address affordability issues.
The charm of cities like New York lies in their historical architecture, but with high construction costs and restrictive zoning, affordable housing remains elusive.
In Sun Belt cities, over 20% of homes were built in the 2010s, contrasting with just 4% in Midwest cities, shaping local housing markets.
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