The U.S. faces a shortage of about 5 million homes, driving prices up significantly, especially in coastal areas. Regulatory delays, particularly in permitting, are a major obstacle, with approvals often taking longer than construction itself. In cities like Los Angeles, median permit times exceed 297 days, inflating costs and deterring development. AI-powered tools can streamline permitting, cutting approval times by half and boosting housing supply while maintaining safety standards.
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