"There probably aren't that many [federal] land parcels that are simultaneously not that valuable to the federal government and very valuable for housing," Daryl Fairweather, chief economist at Redfin, tells ResiClub. He emphasizes that while repurposing land is an option, the parcels that could significantly alleviate housing shortages are few and far between. This highlights the complexities and limitations involved in leveraging federal land for urgent housing needs.
"The [federal] land that would really make a difference is very limited. That doesn't mean that it shouldn't be done-if you build 50 units on top of a post office, that's 50 more housing units than we had before-but it's not a comprehensive solution," says Fairweather, stressing the importance of small incremental improvements in housing availability even if they don’t solve the bigger crisis.
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