July 27, 2013
ELBBUB GNISUOH:
America's Emerging Housing Crisis (Joel Kotkin, 07/26/2013, New Geography)The current housing recovery may be like manna to homeowners, but it may do little to ease a growing shortage of affordable residences, and could even make it worse. After a recession-generated drought, household formation is on the rise, notes a recent study by the Harvard Joint Center on Housing Studies, and in many markets there isn't an adequate supply of housing for the working and middle classes.We're going to need an awful lot of immigrants just to build the housing we require.
Posted by Orrin Judd at July 27, 2013 10:57 AM
Tweet
