Lack of Affordable Housing Provides Opportunity for Builders

Some 1.2 billion people worldwide live in substandard housing, and their ranks are rising, according to a report by McKinsey & Co. McKinsey says governments should sell the land they own at below-market prices to spur more housing construction. The shortage of affordable housing could be an opportunity for builders, especially in countries with emerging economies, like China, Russia, and Brazil.

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