Zoning, infrastructure limits are squeezing U.S. land supply

The latest shortage wreaking havoc on the country? Land. Developers are increasingly struggling to find suitable land for residential developments, the Wall Street Journal reported. Land-use restrictions such as zoning and infrastructure issues are among the challenges making it difficult to find sites near major metropolitan areas. With scarcity comes inflated prices. Morris Davis, a professor of finance at Rutgers Business School, pegs national residential land to cumulatively be worth more than $20 trillion. Davis