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Phys Org

Business

Business & Economics

Why is housing so expensive? Blame the Great Recession and its resulting construction labor shortage

Phys Org
Summary
Nutrition label

88% Informative

The Great Recession occurred 17 years ago , from December 2007 to June 2009 .

Residential housing, for example, is an industry that is still not fully recovered.

Construction sector employment and housing supply remain persistently below their pre-2008 levels.

Zillow estimates that the U.S. is 4.5 million houses short in terms of what's for sale or rent.

VR Score

93

Informative language

97

Neutral language

35

Article tone

informal

Language

English

Language complexity

54

Offensive language

not offensive

Hate speech

not hateful

Attention-grabbing headline

not detected

Known propaganda techniques

not detected

Time-value

medium-lived

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no affiliate links