Sunday, July 17, 2022

"a housing market with no slack can’t absorb shocks like a pandemic-driven frenzy"

"Massachusetts needs another 108,000 housing units to meet the demand, according to a new national study, which ranks Massachusetts 11th among states in its housing underproduction.

Up for Growth, a Washington, DC-based housing nonprofit whose members include housing developers and economic development organizations, released a report Thursday that examines housing underproduction nationwide.

The problem is national. The New York Times highlighted the report’s finding that housing underproduction is no longer a coastal phenomenon but is spreading across middle America."
Continue reading the CommonWealth Magazine article ->

The New York Times article -> (subscription may be required)

The study referred to in both articles ->

The main driver of the housing shortfall has been the long-term decline in the construction of single-family homes
The main driver of the housing shortfall has been the long-term decline in the construction of single-family homes

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