A new report from Forward Analytics, A Housing Hurdle: Demographics Drive Need for More Homes, warns that a housing shortage in Wisconsin is likely to increase over the next 10 years.
Due to unfavorable demographics and the recent slowdown in home construction, Wisconsin could be facing a severe workforce housing shortage in the next few years. The new study finds that Wisconsin needs to build up to 227,000 new housing units during this decade to solve all of its housing needs.
According to the new study, finding affordable housing is going to be increasingly difficult for young people as the large baby boom generation retires but remains in their homes for another 15 years or more. This effectively shrinks the available workforce housing stock.