Home building immediately stimulates the economy. In addition to providing jobs to workers in the construction industry, funds flow to a variety of local service and goods providers and to local governments in the form of fees and taxes.
News from our friends across the street at Champlain Housing Trust (CHT): A new study shows community land trust homeowners have lower foreclosure and delinquency rates.
A story from the Associated Press (AP) today echoes what we wrote in this year's "Between a Rock and a Hard Place: Housing and Wages in Vermont" report: Homes are still unaffordable for many despite lower interest rates.
The AP cites job security, poor credit score and lack of cash as contributing factors to the problem.
WCAX-TV Channel 3 aired a follow-up to its story from a couple weeks ago about Wharf Lane Apartments.