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Thursday, November 26, 2015

Construction drops amid restrictions on home building

Cities and towns, frequently citing added school costs, continue to either oppose new housing or accept it only reluctantly, allowing just enough to meet state affordable housing mandates and imposing restrictions that limit the types of homes that can be built.

Perhaps more troubling, the lagging construction is part of a long-term trend that has seen housing production diminish through each economic cycle. During the tech boom of the 1980s, the state was adding an average of about 30,000 units a year, according to the US Census; through the tech boom of this decade, the state has built an average of just 10,000 homes a year.

Read more: https://www.bostonglobe.com/business/2015/11/20/with-restrictions-types-units-affecting-projects-housing-construction-plunges/oJFoASH17KgVo9iD3QLyQK/story.html

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