Thursday, December 19, 2019

New Housing Report Shows Need for Affordable Housing


This is an interesting new report and research coming out of UW-Madison. Some or most of the information is probably not new to you, but

New Housing Report Shows Need for Affordable Housing
A new report done by UW Madison Professor of Urban and Regional Planning Dr. Kurt Paulsen, and released by the Wisconsin Realtors Association, says, “Wisconsin has a workforce housing shortage.” The report cites the U.S. Census from 2000-2017 saying, “The median household income in Wisconsin grew 35 percent, not adjusted for inflation, while the median house price grew 59 percent, not adjusted for inflation.” The report went on to say, “In Wisconsin, for example, rents grew 21.7 percent while incomes only grew 17.3 percent, not adjusted for inflation.”

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