There's never been such a severe shortage of homes in the U.S. Here's why. - Alaska Public Media

  • 📰 AKpublicnews
  • ⏱ Reading Time:
  • 33 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 16%
  • Publisher: 55%

Property Property Headlines News

Property Property Latest News,Property Property Headlines

Home prices rose nearly 20% last year, in large part because the U.S. is several million homes short of demand. Builders say the pandemic is partly to blame, but the problem goes deeper than that.

Builder Emerson Claus and his foreman Rene Landeverde at the site of an apartment they are building in a suburb of Boston.

“A lot of my tradespeople found other work, went and got retrained for new jobs in law enforcement, all sorts of jobs,” says Claus. “So the workforce was somewhat decimated.” Hipolito Herrador is fashioning supports to hold up a portion of an existing house so an additional apartment unit can be built onto it. Some states and towns are changing their zoning rules to make it easier to add such “accessory dwelling units.”

Overly restrictive zoning is a big problem nationally, says Robert Dietz, the chief economist with the National Association of Home Builders. “In certain neighborhoods you simply cannot build townhouses.”

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Corporations are buying up all the single family homes. It shouldn’t be allowed.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 387. in PROPERTY

Property Property Latest News, Property Property Headlines