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I don't really see this as a problem in a country with a shitton of space available like this us. A home is still very cheap when built far enough away from a city and everyone has a car anyways.
In market theory this situation would lead to de-urbanization because avg. people can't afford megacities anymore and move away from metropoles.
It's a different story like here in Germany where the population density over the whole country is more than 7(!) times higher than in the US. There are not so many areas where houses are very cheap.
A shortage of construction companies, extreme bureaucracy when building, foreign and local investment gamblers on the house market and a shortage of available flats due to the refugee crisis make prices explode in the whole country.
In the future, living in the city will be a rich privillege. Nobody forces you to live in the bay area, vegas, NYC etc.
