The new millennium has presented a variety of challenges for the housing market as the industry bounced from bubble to crisis. States and regions may have survived those housing hurdles initially, but the residual effects of those problems have created new obstacles for experts to overcome.
Please feel free to join REMI for a guest webinar that will be presented by Michael Wilkerson, Ph.D., Project Director and Senior Economist at ECONorthwest, and Marley Buchman, an Economist at ECONorthwest, on Wednesday, July 10th from 2 to 3 p.m. (ET).
Their discussion, “Housing Underproduction in California: Economic, Fiscal, and Environmental Impact of Enabling Transit-Oriented Smart Growth to Address California’s Housing Affordability Challenge,” explores the recent study conducted by the Up for Growth National Coalition and ECONorthwest that analyzed the historic relationship between housing and transportation costs.
Households are feeling the pressure as home prices and monthly rents increase and they are required to pay more of their income toward housing and transit. The authors of the report estimated the impacts that different types of housing development patterns would have on home prices, GDP, jobs, taxes, population migration, and vehicle emissions if cities and states hadn’t under-produced housing from 2000-2015.
The key findings and methodologies implemented in this assessment of California’s housing industry will be described by Dr. Wilkerson and Mr. Buchman.
You can also view the full report on Up for Growth’s website by clicking here.