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Housing data

Homelessness rate falls, but number of chronically homeless increases

Newly released data from the 2019 Point-in-Time Count showed 1,089 people experiencing homelessness in Vermont on a single evening this winter, which represents a 16 percent decrease from last year. However, the number of chronically homeless Vermonters increased substantially from 2018 to 2019, prompting concerns that existing services may be inadequate to support homeless households.

Vermont ranked 48th in nation for population growth

Vermont’s population has grown by just 0.1 percent since 2010, with a net increase of 555 people, according to the latest Census Bureau estimates. Vermont had the 48th smallest population increase among states in the nation, both in absolute numbers and percent increase.

Home building is key to helping improve affordability market-wide

A recent study illustrates how new market-rate housing construction in one part of town, especially in markets with low vacancy rates, improves housing affordability for lower income residents in other parts.

Survey highlights concerns over housing affordability among young professionals

The annual Burlington Young Professionals (BYP) survey conducted by the Lake Champlain Regional Chamber of Commerce reveals that 33 percent of young adults surveyed plan to move out of the area within the next four years. Among the most common challenges cited were the high cost of living, lack of job growth opportunities, and a lack of affordable housing.

New data available on HousingData.org

Vermont Housing Finance Agency (VHFA)’s HousingData.org website has recently been updated to display the latest housing data available. The data updates include the newly released 2017 American Community Survey (ACS) 5-year estimates from the U.S. Census Bureau, as well as 2018 home sales data from the Vermont Department of Taxes.

Vermont lacks housing for extremely low income households

Nearly 90% of extremely low-income Vermont renters spend an unaffordable amount of their income on housing costs, according to the National Low Income Housing Coalition (NLIHC)’s recently released annual report The Gap: A Shortage of Affordable Homes. The report highlights a critical shortage in the availability of affordable housing across the country.

What would it take to solve the affordable housing crisis?

More than one in three Vermont households live in homes that consume unsustainably high portions of their income, according to estimates from the U.S. Census Bureau.

Nation’s housing stock inadequate for changing demographics

America’s housing stock was primarily built for nuclear families, yet fewer and fewer households fit into that category, according to Making Room: Housing for a Changing America, a new report from AARP. The report argues that communities need to create housing that is more affordable and accessible for single-person, senior, and multi-generational households.    

Record Vermont home prices highlight affordability concerns

Vermont home prices reached new highs in 2018, continuing a four year trend of growth. However, household incomes have not kept pace, making it increasingly difficult for low and middle-income Vermonters to become homeowners.

Housing vital to Vermont economy, but many millennials are left out of the market

Last week, VHFA Executive Director Maura Collins spoke on a housing panel at the Vermont Economic Conference in Burlington. She was joined by Jonathan Slason of Resource Systems Group, Inc. and moderator Leslee MacKenzie of Coldwell Banker Hickok & Boardman Realty.

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