The Boston area is among the worst performing regions in the United States for home production, according to a new report. Up For Growth estimated the state would have had to build an extra 100,000 homes a year to keep up with demand.
The Boston area is among the worst performing regions in the United States for home production, according to a report released this week.by a national nonprofit called Up For Growth found Massachusetts needed to build 100,000 additional homes per year to keep up demand in recent years. It also found the shortfall doubled between 2012 and 2019.
Vasil said luxury development is easier to finance — and low-income housing is subsidized. But the high costs of land and labor has made it harder to build conventional homes. And if the problem isn’t fixed by lawmakers, he said, more and more young professionals will leave the state for places they can afford to own a home.
The study said that can be attributed in part to discriminatory policies in the past, such as redlining and urban renewal, as well as current restrictions on land use.
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