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Cheap house construction in urban areas is reaching a tipping point in terms of supply and demand. With the cost of materials increasing, it has become more complicated for builders to make profits on their projects due to high-cost residences increasingly outselling low-cost dwellings. This has created a market where the market for construction is oversupplied with construction material such as wood and steel. This paper focuses on analyzing this issue, finding solutions, and proposing an evaluation strategy which could lead to increased supply and demand for affordable housing units. They will take into account current government policy input as well as contributing factors such as economic opportunities and increased use of machinery in case analysis. Another factor they have considered is the type of economics used to analyze the case study. Economic analysis will be performed through a multiple-choice question test consisting of three options, with eight questions each. The case study will look at both domestic and international market intervention, as well as the impact on housing prices. The paper will be divided into two sections which examine different challenges that are facing the construction industry using multiple-choice questions before concluding that there are policy changes that need to be implemented in order to increase construction supply and decrease construction costs. To find solutions to these issues, they propose the use of tools such as econometric analysis, focus groups, and social marketing techniques which can help them accomplish their goal. They will also provide an evaluation strategy which is designed to answer the following questions: The paper will begin by developing an overview of the challenges currently facing construction in New York City. Some of the issues that they will examine include housing prices, unemployment rates, and construction costs. Using multiple-choice questions, they will determine how these factors will affect real estate investment and housing prices in New York City. The paper will then demonstrate how these factors could lead to increased supply and decreased costs. This analysis would be followed by solutions that would lead to increased supply of residential housing in New York City while also lowering costs. Lastly, they will provide an evaluation strategy that will be used to determine the effectiveness of their solution. This will be determined through a multiple-choice questionnaire that is designed to determine whether the policy changes have been effective in encouraging the construction of affordable housing. In New York City, it is difficult to find available affordable housing units due to a growing demand for condos and coops. An analysis conducted by the Council on Foreign Relations found that it takes an average of 35 years for a family who owns a two-bedroom apartment in New York City under current market conditions [to] afford another apartment [1]. In addition, a recent study found that the cost of a two bedroom apartment in Manhattan is 83% more expensive than that of an equivalent unit in Mumbai, India. Consequently, many homeowners have been forced to live in cramped quarters with large numbers of family members. Due to the high cost of living, New York City has the highest per capita income of any city in the world. This makes it one of the most desirable cities for wealthy families from around the world to retire or purchase vacation homes [2]. As a result, a growing number of condominium and cooperative buildings have been built which house high-income earners and increase competition for available affordable housing units. cfa1e77820
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