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Bills would make housing crisis even worse » Albuquerque Journal


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In Albuquerque, we are over 15,000 housing units short of the recommended housing supply needed, as quantified by The Urban Land Institute. Currently, there is less than one month’s supply of homes on the market for sale. Apartment inventory for sale is at an all-time low, and occupancy is the highest rate it has been in many years at 96% as shown by COSTAR.
Usually, we would see plenty of new housing being built. But we have a major impact on construction due to COVID-19, affecting labor and creating a shortage. Consequently, we are seeing higher lumber prices, a 40% increase over the past year, going from $600 per thousand board feet to over $1,000/TBF. Furthermore, we will see over a 20% increase in housing costs, driving average housing prices to nearly $300,000, making it more difficult for first-time home buyers, potentially denying them the opportunity altogether. Rental rate ....

New Mexico , United States , New Mexicans , Land Institute , Urban Land , Real Estate Transfer Act , Housing Study , Domestic Violence Victim Release , Mortgage Relief Act , Adding New Brackets , Income Tax , Housing Discrimination , புதியது மெக்ஸிகோ , ஒன்றுபட்டது மாநிலங்களில் , நில நிறுவனம் , நகர்ப்புற நில , ரியல் எஸ்டேட் பரிமாற்றம் நாடகம் , வீட்டுவசதி படிப்பு , உள்நாட்டு வன்முறை பாதிக்கப்பட்டவர் வெளியீடு , அடமானம் துயர் நீக்கம் நாடகம் , வருமானம் வரி , வீட்டுவசதி பாகுபாடு ,