A Housing Shortage in the Sun Belt Shakes Up Perceptions of the Region's Affordability скачать в хорошем качестве

A Housing Shortage in the Sun Belt Shakes Up Perceptions of the Region's Affordability

This Ten Across Conversations podcast episode was originally published November 7, 2024. Find our full catalog of podcasts here: https://10across.com/category/podcast/ The cost of housing has risen nationwide, but this change has been particularly acute in the Ten Across geography. With the exception of California, the Sun Belt has been known for decades to offer abundant and affordable housing, attracting young families and retirees alike. However, development of new single-family housing has shown more hesitancy since the 2008 housing bubble collapse, and proposed multifamily properties can be deterred by NIMBY (Not in My Backyard) attitudes. Both factors have contributed to a significant housing shortage in Arizona and its neighboring states, according to report by ARCHES, the Arizona Research Center for Housing Equity and Sustainability. Further compounding the issue, the recent growth in domestic migration to the region has outpaced this weaker rate of real estate development. Since the COVID-19 pandemic, the median home price in Arizona surged 50% to $470,000 and nearly half of all renters are considered cost-burdened, meaning they are spending more than 30% of their income on housing. Local land use policies have overwhelmingly favored single-family development, so much so that it represents nearly 78% of all housing units built in Arizona since 2000. Today, lacking a diverse stock of housing options, service industry workers, teachers, first responders and other professionals earning less than $60,000 a year are struggling to find affordable places to live. Researchers warn that such an unbalanced mix of housing opportunities leads to economic instability, poorer health outcomes and social division over time. Rising rates of homelessness tend to be an early warning sign, and in 2023 homelessness in Arizona reached its highest recorded level since 2010. Housing is a universal need. To thrive, communities need to become better at cultivating a sufficient and diverse inventory. In this episode, ARCHES housing researchers Alison Cook-Davis and Kristi Eustice discuss the findings and recommendations contained in their center’s first report as a HUD-funded resource for furthering housing equity in the U.S. Southwest. ABOUT ALISON COOK-DAVIS Alison Cook-Davis is research director at the Morrison Institute for Public Policy and co-director of the Arizona Research Center for Housing Equity and Sustainability. Previously, in separate roles, Alison was assistant director for program evaluation for the Arizona State University Office of Evaluation and Educational Effectiveness and program evaluator for Maricopa County Adult Probation Department’s Second Chance Act grant. ABOUT KRISTI EUSTICE Kristi Eustice is assistant research director at the Morrison Institute for Public Policy at Arizona State University. Prior to that, Kristi worked as assistant director and research analyst for the Arizona State University Office of Evaluation and Educational Effectiveness. She also holds a Master’s in Clinical Mental Health Counseling.