Plotting changes in occupied housing units against changes in total housing units helps illustrate the housing market's supply-demand relationship. Green/Red markers indicate places that More/Less affordable (see yesterday's post for a definition), and the size of marker represents the relative gap size between income and affordability (either positive or negative). The dashed line is where every unit of housing added becomes occupied, 2000-2010.
If you’ve looked at any sort of news media during the last several months, you’ve probably heard or read about the nation’s housing market. Housing as an industry includes way more than buyers and sellers – there are developers, construction workers, banks, land owners, local governments, and probably more that I’m forgetting. The issue of affordable housing is inextricably linked to this larger housing market, and as we’ve heard and read, it’s been a rough couple of years. Continue reading