The NIMBY problem prevents the housing market from adapting to demand, it's entirety of the problem. Job growth and economic growth are not the problems. In places such as Texas with high economic growth housing is not a problem.
It just so happens that NIMBYs have huge economic gains from restricting the market from supplying what people want.
It just so happens that NIMBYs have huge economic gains from restricting the market from supplying what people want.