October 27, 2012
Richard Green, director of the USC Lusk Center for Real Estate, said that a growing population's demand had caught up with the existing supply, making it time for new homes to be built.
"We went a long time, basically five years, with almost no new construction to speak of," he said. "In the post-World War II era we've never seen anything like this before, so it had to turn around."
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