The U.S. Is Running Short of Land for Housing

Rancher Robert Thomas’s family owns about 11,000 acres of ranchland northeast of Tampa, Fla. His grandfather bought much of it for 10 cents an acre in 1932. Since then, the population of the Tampa metropolitan area has exploded to more than 3 million. The Thomas family’s ranch is now surrounded by communities of single-family homes. It is surrounded by people living and working in single family homes, Mr. Thomas says. He says the land is now the hottest commodity in the Sunbelt.

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