6. Compared to previous economic expansions, and given the amount of population growth during the last decade, developers are currently undersupplying new stocks of housing

This is especially a concern in the Northeast, and attributable to a desire on the part of developers to raise profits (The Northeast Regional Center for Rural Development).
Criteria 1970s 1980s 1990s
Population Growth (mn)
23.2 22.7 32.7
New Housing units (mn)
17.5 14.8 13.3
New Homes per 100 population
75 65 41

But, these homes are being built on larger lots

Housing Affordability is a Growing Concern, Especially in the Northeast

  • Housing affordability is a key measure of economic well-being
  • As population density rises, housing affordability tends to decline
  • Or, in areas with lower density, housing affordability is higher

Figure 2

Land Use 6-2 

Figure 3

Land Use 6-3