Final answer:
In real estate markets, 'housing supply' refers to all of the above: the construction of new housing units, new apartment buildings, new rental buildings, and the availability of vacant rental units.
Step-by-step explanation:
In real estate markets, the term housing supply can refer to a variety of things, including the construction of new housing, whether it's for ownership or rent. This term encompasses the construction of new housing units, which can be in the form of single-family homes, apartment buildings, or other types of residential buildings. Additionally, it can refer to the availability of vacant rental units which are ready for occupancy. Therefore, the answer to the question about what housing supply means in real estate markets is 'e. All of the above.'
Post-World War II, the U.S. experienced a housing shortage, which was later alleviated by developers and contractors who built new housing on unused land on the outskirts of cities. This construction boom not only catered to the middle class but also provided opportunities for blue-collar workers, thanks to the availability of low-interest loans. The bubble in housing further facilitated the construction of new housing across the country where loans were more accessible.