Friday, January 14, 2022

THE HOUSING CRUNCH IS REAL

HOW WE GOT HERE, HOW WE ADDRESS IT AND THE DEMOGRAPHIC SHIFTS THAT WILL IMPACT WHAT AND WHERE WE CALL HOME

“Many suburbs were poised to meet that demand. 

I think a part of that sudden demand for homebuying by millennials was, in part, a failure for cities to expand housing supply for young families. 

They did a good job of attracting young singles, young couples — but cities missed the opportunity to build the missing middle,” Arthur C. Nelson, professor of planning & real estate development at the University of Arizona, continued. 

“Cities need to do more to make their current housing stock nimbler.”

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