America is facing the worst housing affordability crisis in the post–World War II era. The median age of a first-time homebuyer has reached an all-time high of 40. One in three Americans has abandoned homeownership as a realistic aspiration. A generation that did everything right — went to college, earned the degree, found the job — is arriving at a door that has been priced out of reach.
But the crisis was not caused by a single villain, a single policy failure, or a single market event. It was produced by fifty years of accumulated decisions — regulatory, financial, political, and institutional — each individually defensible, together forming a structure that ordinary Americans can no longer afford to enter.
In this webinar, Joseph Viscuso, PE, PLS, ENV SP and Senior Vice President for Pennoni — a civil engineer with more than fifty years of direct experience guiding residential developments through the approval process, reviewing them for municipal clients, an expert witness in land use litigation, and the author of “Who Killed the American Dream?” — presents a practitioner's account of how the housing affordability crisis was built, who is responsible for it, and what the engineering, architecture, and planning professions can do about it.
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