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The Housing Shortage Isn’t Just a Coastal Crisis Anymore
An increasingly national problem has consequences for the quality of American family life, the economy and the future of housing politics.
Emily Badger and
San Francisco, Los Angeles, New York and Washington have long failed to build enough housing to keep up with everyone trying to live there. And for nearly as long, other parts of the country have mostly been able to shrug off the housing shortage as a condition particular to big coastal cities.
But in the years leading up to the pandemic, that condition advanced around the country: Springfield, Mo., stopped having enough housing. And the same with Appleton, Wis., and Naples, Fla.
The housing shortage has spread to more parts of the country
What once seemed a blue-state coastal problem has increasingly become a national one, with consequences for the quality of life of American families, the health of the national economy and the politics of housing construction.
Today more families in the middle of America who could once count on becoming homeowners can’t be so confident anymore. And communities that long relied on their relatively affordable housing to draw new residents can no longer be so sure of that advantage.
“It’s like the cancer was limited to certain parts of our economic body,” said Sam Khater, the chief economist at Freddie Mac. “And now it’s spreading.”
Metros Without Enough Housing That Lost Big Surpluses
Estimated surplus or shortage of housing units, as a share of existing units.
Metros With Big Shortages That Once Had Enough Housing
Estimated surplus or shortage of housing units, as a share of existing units.
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