An article from NPR explains that renters and potential homebuyers are becoming priced out of housing markets in cities nationwide, just ten years after the housing collapse. The article highlights Boise, Idaho, where the demand for housing is more than 10 times the number of homes being built, and 65 percent of homes for sale are on the upper end of the market. Tougher zoning regulations, the rising cost of building materials, and labor shortages in the construction industry have resulted in home construction per households reaching its lowest level in nearly 60 years. Boise will need to build an estimated 1,000 affordable homes each year to keep up with demand, according to Mayor Dave Biete, and they may seek to use voter-approved bonds as a way to address the issue.
NPR Explores the Struggle to Find Affordable Housing in Boise, Idaho
