The full picture gets worse the more you look into it. The largest home builders in the nation aren’t building homes at budgets that most can afford. So you’d say to yourself, well clearly they’re targeting the affluent then. Except there are only so many high income Americans you can sell to, and not all of them want expensive homes. So what do these builders do? They build-to-rent! Yep. Those single-family homes yo…
This is a misunderstanding of how pricing works. The homes that are beig built aren't expensive because they're fancy, they're expensive because they're scarce and people need them, so they bid against each other. Every building markets itself as "luxury", but this is in fact just marketing. In principle you could make units cheaper by dividing them up into units with less floor space, but that people are already renting the larger units in groups.