Report: Washington Housing Deficit Increases 102% Since 2012
Up for Growth, a research and policy network committed to solving the nation’s housing shortage, has issued a groundbreaking report about the state of available housing in Washington. The analysis finds the housing underproduction in the Evergreen State has reached 140,142 homes, an increase of 102% since 2012, the 5th most severe deficit of any U.S. state.
Up for Growth’s 2022 Housing Underproduction in the United States study measured the gap between the number of homes available versus those needed. “This report brings forward the data and context of the housing supply shortage afflicting communities across our state. As the tangible realities of our housing supply shortage continue to unfold, the need for a unified approach to this issue becomes more evident,” said Lt. Governor Denny Heck.
The report also includes a plan that quantifies the benefits of building million of homes, called A Better Foundation. The data find that adding 3.8 million homes across the country would increase affordability, add $209 billion to the U.S. GDP, generate $7 billion in additional local revenue and greatly reduce C02 emissions.
Mark comes to ConnectCRE with an extensive background as a business and news reporter in San Francisco radio, as well as 35 years as a traffic reporter on several stations including KGO, KNBR, KCBS and KFRC. As a business reporter, Mark covered the tech world in Silicon Valley where he became familiar with real estate transactions in the hot Bay Area marketplace. He attended San Jose State University with a BA in Radio and TV Broadcasting and currently resides in the Lake Tahoe area where he gets to frequently enjoy all of his favorite activities: Golfing, Fishing, Hiking and Skiing.