06:05 For decades, Los Angeles has failed to build enough housing, driving home prices and rents to some of the highest levels in the nation. To make matters worse, the few new apartments that are being built appear to be shrinking.
06:05 For decades, Los Angeles has failed to build enough housing, driving home prices and rents to some of the highest levels in the nation.
To make matters worse, the few new apartments that are being built appear to be shrinking.
That change is in line with trends in the Philadelphia, Seattle, Washington, DC, and Boston areas, which also saw decreases in average new unit sizes.
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06:05 For decades, Los Angeles has failed to build enough housing, driving home prices and rents to some of the highest levels in the nation. To make matters worse, the few new apartments that are being built appear to be shrinking. That change is in line with trends in the Philadelphia, Seattle, Washington, DC, and Boston areas, which also saw decreases in average new unit sizes.
"In high-demand markets, developers often prioritize studios a...
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