Essay on Local Barriers For Housing Development

899 Words Dec 13th, 2016 4 Pages
Over the past few decades, local barriers to housing development have intensified through out high-growth metropolitan areas increasingly fueling the national economy. The huge add up of many barriers such as zoning, land use regulations, and long development approval processes has the in fact reduced the ability of many housing markets to respond to the ever growing demands. The growing harshness of undersupplied housing markets sends working families out of the market. This rigor of undersupplied markets jeopardies housing affordability for working families which increases income inequality, by reducing less-skilled workers access to higher-wage labor markets, also decreases GDP growth by driving labor migration away from other regions.
Significant barriers blocking new housing development can cause working families to be pushed away from a job -- that could benefit them being able to afford great housing -- and prevent them from moving to other regions that may provide more higher wage jobs. These excessive long standing barriers can also result in the over excessive pull back on national economic growth and further exacerbate actual income inequality. The new housing that does get built tends to be in disproportionally concentrated within low-income communities of color—causing wide displacement throughout the system. The continuing rise of rents region-wide can intensify this situation.
Modernizing housing relations between different states comes with many benefits.…

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