Posted by: Patricia Salkin | July 6, 2019

Harvard 2019 Study on Housing Documents Affordable Housing Shortfall

The 2019 State of the Nation’s Housing was released last month by the Harvard Joint Center for Housing Studies.  The press release states in part “The most significant factors, however, are rising land prices and regulatory constraints on development,” says Chris Herbert, managing director of the Joint Center for Housing Studies. [Interactive Map] “These constraints, largely imposed at the local level, raise costs and limit the number of homes that can be built in places where demand is highest.” Meanwhile, a large percentage of new housing being built is intended primarily for the higher end of the market, Herbert states. The limited supply of smaller, more affordable homes in the face of rising demand suggests that the rising land costs and the difficult development environment make it unprofitable to build for the middle market.”  https://www.jchs.harvard.edu/sites/default/files/Harvard_JCHS_State_Nations_Housing_2019_Media_Kit_June_25.pdf


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