StorageCafe's report reveals that between 2005 and 2023, middle housing inventory grew by only 11.3%, showcasing a significant gap in the housing market.
Doug Ressler from Yardi Matrix pointed out that zoning laws favor single-family homes or larger apartments, which limits the development of middle housing options.
The ongoing affordability crisis in U.S. housing is exacerbated by rising construction costs, making it challenging for developers to profit from building middle housing.
Despite the potential of middle housing as a viable solution to the housing crisis, it remains largely absent from new inventory developments across many states.
Collection
[
|
...
]