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How Supply and Demand Has Impacted America's Housing Shortage

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Congratulations to Thomas Hayes, a runner-up in the Ark Law Group Student Voices ScholarshipCongratulations to Thomas Hayes, a runner-up in the most recent quarterly Ark Law Student Voices Scholarship contest. Thomas recognizes the foundation of supply-and-demand economics as the basis for America’s recent housing shortage, due to a continued growth in population and the millennial generation now reaching the home-buying age. Additionally, the benefit of current owners to be rate-locked is preventing them from wanting to sell-off and hope to find another home in this scarce environment. Thomas poses some unique solutions, including referencing architect Jeff White, who is prototyping tiny homes that cost only $36,000 to build.

Click here to read the details behind Thomas Hayes’ article submission.

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How Supply and Demand Has Impacted America's Housing Shortage

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