In China, the local government gets income from leasing new construction land for 99 years, hence the incentive to build.
In the US, the largest amount of government land is held by the Feds and they keep increasing the limits on what the land can be used for year after year. Figure out how to make new home building key to government finances like in China and you will INSTANTLY have the problem solved and even have over supply.
Some say there's little demand but that's horse shit. People snap up much worse desolate land around me to homestead for mucho dinero. Building a house with your own hands on public or unowned desolate lands is the most essential of basic human fulfilments. The youth cannot afford the already built homes nor their construction, so they ought to be able to take matters in their own hands.
In the US, the largest amount of government land is held by the Feds and they keep increasing the limits on what the land can be used for year after year. Figure out how to make new home building key to government finances like in China and you will INSTANTLY have the problem solved and even have over supply.