No, the problem is that humans breed to fill the supply of housing, causing prices to go up again. The population of the U.S. has doubled since 1960. It’s a never ending cycle, only after every iteration, there is more pollution, less beauty, more greenhouse gasses in the atmosphere, more traffic, etc. It’s not sustainable. The solution is not to build, it is to reproduce sustainably and stop overrunning the planet with unchecked population growth. That implies limits on how much you can ruin a neighborhood with development.