Mortgage Industry News
« Return to Mortgage Industry News
How do 2020 Candidates Want to Solve Housing Shortage?
Friday, January 3, 2020
The Urban Institute's Karan Kaul and John
Walsh have provided a quick overview of the proposals put out by several
Democratic presidential candidates to address the housing supply shortage. The
writers say that the fact this issue is drawing the attention of candidates "promising"
and the proposed solutions "a major step in the right direction." As background, construction of new
residential units is not keeping up with demand, especially given the 80
million Millennials who are in or entering prime household formation and
homebuying years. The lack of supply in the face of demand almost always causes
higher prices for consumers. UI notes that it was the big cities most affected
by the supply/demand imbalance at first, but the lack of a nationwide response
has caused the lack of affordability to begin filtering into smaller markets of
late.
Read Full Article