This is saying "building is expensive because building is expensive". Why is it expensive and how do we address it to make it cheaper?
Build less and worse per unit. Share foundations, roofs, walls, and common areas. Build less square footage per unit. Build less fancy per square foot (cheaper kitchens and baths). Use all standard materials and finishes. Install low-end appliances and HVAC. Everything cookie-cutter; no per-unit changes. Use less land per unit (and maybe less expensive land overall). Have no private outdoor space (or just a tiny balcony).
That’s not well aligned to how to maximize profits from a given unit though (fairly obviously and by intentional design).
Houses are also around 1.5 times the size with more bathrooms per bedroom in 2025 vs 1975, so “build less square footage and less fancy per square foot” isn’t at all “giving up so much that was standard 50 years ago”, but rather returning toward the standard of 50 years ago.