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Since the 2008 global financial crisis, too few new homes have been built in the US, contributing to a surge in prices that has outstripped wages and left people struggling to find a place they can afford.
The shortage has become a contentious political issue as President Donald Trump tries to convince voters ahead of midterm elections in November that he is addressing the country’s affordability crisis.
‘We want homes for people, not corporations,’ Trump said in his State of the Union speech last month.
In the FT’s latest dispatch from Bethlehem, Pennsylvania our US economics editor Claire Jones looks at the challenges facing one American city trying to solve its housing shortage.
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