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UrbanLand: Solutions for America’s Crisis in Nonluxury Housing: ULI Product Councils Collaborate to Move the Needle

Nov 8, 2018

Adam Ducker, a managing director with RCLCO, cited the firm’s research as a backdrop, saying overall production of housing averaged over 1.5 million units annually in the early-to-mid 2000s, but the post-recession trough and recovery have seen fewer than 1 million units produced annually, with the biggest gap in for-sale housing oriented to the middle class. “Production of affordable housing has totaled no more than 50,000 units per year for the last decade now, and with little new housing produced to serve the nonluxury market, the existing supply of homes affordable to working Americans has effectively shrunk during the last decade,” said Ducker.

 

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