https://rethinkingprosperity.substack.com/p/the-silver-lined-bullet?triedRedirect=true
Construction inefficiency isn’t just an operational drag—it’s a financial choke point. Every delay or miscommunication translates directly into dollars: idle crews, wasted materials, loan interest accruing day by day. For small developers, these costs can turn a promising infill project into an unviable gamble. Margins evaporate long before walls go up. The result is that only large, capital-heavy projects pencil out, while the kind of modest, human-scale housing our cities need—duplexes, triplexes, courtyard homes—rarely makes it past the pro forma stage. The system, in effect, prices out the middle housing we claim to want.