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Housing is also important to developers, builders, lenders, realtors, investors, architects, and other specialized professions and trades. These groups view housing as a commodity for financial gain. [4] As the United States industrialized in the 20th century, demand for housing fueled job growth and consumer products to create economic growth.
According to the Federal Mortgage Bank of Nigeria, there was a deficit of 22 million housing units in 2019. The Lagos state government stated that the housing deficit in the state is at 2.5 million units, with 70 percent of its total population living in informal housing. There is a 20 percent yearly housing demand increase in Abuja, Ibadan and ...
However, where housing costs may be lower, these workers are now facing longer commutes. The combination of housing costs and transport costs means that as many as 45% of the population working in San Diego face poverty. [54] Homelessness is a huge challenge also stemming from this lack of affordable housing.
The group has adopted a definition of “social housing” which points to a way of imagining housing outside the scope of the private market and unavailable for profit or speculation.
Permanent, federally funded housing came into being in the United States as a part of Franklin Roosevelt's New Deal. Title II, Section 202 of the National Industrial Recovery Act, passed June 16, 1933, directed the Public Works Administration (PWA) to develop a program for the "construction, reconstruction, alteration, or repair under public regulation or control of low-cost housing and slum ...
Americans are in the throes of the worst housing affordability crisis in decades. Baby Boomers aren’t parting with their homes, insurance costs are skyrocketing, mortgage rates are sky-high and ...
Housing refers to the usage and possibly construction of shelter as living spaces, individually or collectively. Housing is a basic human need and a human right, playing a critical role in shaping the quality of life for individuals, families, and communities, [1] Housing is a durable good. As such it is the main issue of housing organization ...
The "YIMBY" movement is a political effort to tackle the country's housing shortage by increasing the housing supply with strategies like changing zoning codes and other regulations that limit ...