Region two years behind in housing production

810,000 more housing units needed by 2050 to keep up with demand

Jobs and population boomed in the last decade, but housing didn’t keep up.

For people seeking a place to live, it’s meant more competition for housing, fewer options, and higher costs.

Prior to 2010, the region built housing at a pace that more than kept up with growth. But the recession hit the building industry hard, and it hasn’t fully recovered.

New households grew at a faster pace than construction from 2011 to 2016. Since the recession, construction has slowly come back from its decline, but the region is still trying to fill the gap of 40,000 to 50,000 housing units—the equivalent of about two years’ worth of housing production.