Earlier quoted context omitted.
"Overly restrictive zoning and subjective reviews exploited by NIMBYs explains almost all of it." You seem to be ignoring the main part of my statement - distribution and preferences matter. "NIMBYs" can't be a retort to that when NIMBY is by definition local - there are many other areas to build in across the country. "Owners holding vacant units is not a significant cause of the housing shortage." It may not be the…
No, it's not. Markets with a housing shortage have record low inventories and record low uninhabited units.
So you admit there are markets that do not? That's my point - distribution of housing across the country.