Someone (apologies for I forget who) Tweeted out this report from the Met Council called simply “We Still Need More Housing” the other day. It’s got some great charts in it. Here are three of them.
The chart compares growth in housing stock to growth in population. The Twin Cities is doing poorly in providing new housing compared to population growth, and the gap is relatively worse than every other comparable metro other than Atlanta and San Francisco:
The report argues we need to double the amount of annual new housing starts to meet demand.
See also this chart, which puts the need into perspective:
Anyway, as I said, pretty compelling and seemingly unambiguous stuff. The presentation promises they will have data on affordability later in 2019, so that will fill in a lot more of the big picture around housing.
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