The lack of affordable housing in New England: how big a problem?: why is it growing?: what are we doing about it?

Rollins, Darcy; Sasser, Alicia; Tannenwald, Robert; Zhao, Bo

Working Paper

The lack of affordable housing in New England: how big a problem?: why is it growing?: what are we doing about it?

Abstract: Although housing costs in greater Boston and elsewhere around the region have leveled off, affordable housing is still high on the public policy agenda in every New England state. A growing chorus of employers and policymakers are warning that the region's high cost of housing is now undermining its ability to attract and retain workers and businesses. This paper presents a thorough, region-wide analysis of the housing affordability problem in New England. We construct three affordability indicators to examine differences in the cost of housing across socioeconomic, demographic, and occupational groups, for every New England state and for the region's principal metropolitan areas.

Keywords: Housing - New England; Housing - Prices; Housing policy - New England;