May 15, 2019

Underproduction and the Housing Affordability Crisis

Housing availability and affordability have entered the national political discourse as governments and organizations look to answer America’s biggest rental housing questions.

ECONorthwest, Up for Growth, and Holland Government Affairs collaborated on a national analysis of housing underproduction. The analysis used three different growth scenarios that helped identify which housing production approach might yield the greatest economic benefits.

This report found that during the time frame of 2000-2015, 23 states under-produced housing, which totaled up to 7.3 million fewer residential units. That amount represented approximately 5.4% of the total U.S. housing stock and this lack of necessary rental housing created the supply and demand imbalance reflected in today’s home prices.

The Hill recently covered this study and you can read the entire article by clicking here.

You can also download the entire report by clicking here.