Housing Shortage
Notes
- Paper on the shortage of housing in the USA - [1]
- 2.5 millions houses short - [2]
- supply is 1.9M homes in 2020 - [3]
- USA number of households growth is 1M, and 350k demolitions - [4]. Ie, would need 1.35M new homes built per year.
- 400k houses short - [5]
- It now would take about 4 months to sell all 1.8M available homes - [6]
- About 3 months supply. Up to a Few years ago, it was 6 months. [7]
- 7M affordable homes missing uin 2018 - [8]. Recent trend of Upzoning exists - [9]. One study concluded The study concluded that over a five-year timespan, upzoning didn’t increase housing supply, but it did increase land values.
- Concept of cottage zoning - [10]
- 'The missing middle' - [11]
Analysis
Report 1
- Metropolitan Land Trusts - and Equitable Transit-Oriented Developments - eTODs - [12]. People already live, esp poorer people, far away from labor centers. So creating more rural housing does not address the housing issue. Suburbs are modern-day segregation - [urban growth following World War II was characterized by the rapid suburbanization of jobs and infrastructure as middle-class white families fled central cities in search of less congestion, better services and amenities, racial homogeneity, and single-family homes]. First advanced by John Kain in 1968,25 the notion of spatial mismatch refers to the theory by which the suburbanization of jobs and the discriminatory barriers on the residential choice of city-center residents, especially Black residents, have produced a surplus of workers relative to the number of available jobs in city-center neighborhoods.
- Same source says - poverty has been getting suburbanized since 2000
- Jobs-housing fit - what is the housing need of low wage workers?
- Suggestions - It is important to increase the overall supply of affordable housing units and provide a broad range of housing options, as discussed in the Center for American Progress’ “Homes for All” report.100 Adding new affordable units to a given housing market, however, will not completely solve the housing supply problem unless newly built and rehabilitated affordable housing fits the needs of a range of incomes, particularly those at the bottom of the income spectrum. It is important to better connect low-wage workers with their workplace by strategically creating affordable housing near jobs and accessible transit options.
- OSE Proposal - OSE Campuses - regenerative development centered around agrihoods and microfactories in hte city.
More Notes
There is a shortage of housing. When supply is short, prices rise. Free markets tend to keep supply up with demand. Supply is not keeping up in the area of housing. Zoning is quoted as a key limiting factor in the supply of housing.
Extrapolated to the greater picture, it may be stated that legal barriers are - likely the main - block to an adequate supply of housing.
