housing shortage
Coverage of housing shortage in the Nexus archive.
- Homes are in short supply in the U.S. How a new law could change the market
The U.S. passed the 21st Century Road to Housing Act to address housing shortages by easing construction barriers and limiting large investors. President Trump neither signed nor vetoed the bill, allowing it to become law automatically. The law includes measures like factory-built housing incentives, zoning policy reforms, and converting commercial buildings to affordable housing.
- The near-collapsed Midtown building is now stable, but its finances may not be
A former office building in Midtown, the Pfizer Building, experienced structural failure during conversion to apartments, causing buckled columns. While the building is now stable, experts warn of potential financial issues and stigma, though the city's housing shortage may drive renters to move in despite concerns.
- A $100 million fund could spell more affordable housing in Kansas City
A $100 million Kansas City Regional Housing Fund, developed by MARC and LISC, aims to create or preserve 3,500-5,000 affordable housing units. The region faces a housing shortage due to rising home values and insufficient construction, with 69,000 low-income renters in unaffordable homes.
- Vermont is in trouble
Vermont is experiencing population decline, housing shortages, and economic challenges due to aging population, rising taxes, and insufficient job creation. The state must add 13,500 workers annually and build 7,500 homes yearly to maintain stability but currently permits only 2,500 homes.
- Former Navy SEAL turns Colorado Springs building into affordable housing
A former Navy SEAL is converting the Crawford House building in Colorado Springs into eight affordable rental units. Aaron Smith cites his military service and passion for architecture as motivations for addressing the city's housing shortage, which exceeds 27,000 units as of 2023.
- How a hospital is helping solve a hometown housing shortage
Fall River Health Services in Hot Springs, South Dakota, is investing in a subdivision project to provide housing for its employees. The initiative aims to address a local housing shortage.
- QXO’s $3 Billion Junk Bond Sale for Takeover Draws Strong Demand
QXO's $3 billion junk bond sale for a takeover has drawn strong demand. Canada's population is growing rapidly due to over a million newcomers last year, exacerbating a housing shortage and prompting aggressive buyer bids.
- What is the BUILD Act and what could it mean for homeowners in Illinois if it's passed?
The BUILD Act, proposed by Illinois Gov. JB Pritzker, aims to address a housing shortage by allowing small apartment buildings and accessory dwellings in residential areas, streamlining permitting processes, and limiting parking requirements. While supporters argue it will expand affordable housing, suburban mayors like those of Palos Park and Orland Park oppose it, citing concerns over local control and infrastructure impacts.
- It’s a burned out wreck in a grubby neighborhood, it’ll still cost you $1M
A dilapidated property in a rough neighborhood sold for $1 million, highlighting California's severe housing shortage and decades of rapidly rising housing costs.
- Madrid protestors target rising rents and housing shortage
Protestors in Madrid are addressing rising rents and housing shortages, which have become a major concern for Spanish voters. Increased demand due to tourism and immigration-driven population growth has exacerbated the issue.