Housing and Economic Development
Homes are unique economic commodities. They are stationary, durable, heterogeneous by nature, price-negotiable in many cases, and subject to changes in value over time. Single-family homes are an avenue to economic stability and wealth building for many families. Construction of homes contributed $1.15 trillion to the US economy in 2018. Insufficient supply of affordable homes, whether rental or home-owner occupied) impact a the economic health of a community. In this CHCS Housing Hangout we will talk about the correlation between housing and economic development.