New Report: Texas Among Worst States for Available Affordable Rental Housing --
found Texas tied for sixth place for states with the least amount of available rental housing for low-income families.
NBC 5 Anchor Brittney Johnson discussed the findings with Clare Losey, Assistant Research Economist for the Texas Real Estate Research Center at Texas A&M University. Losey has published several articles on affordability in the Texas housing market. She says there are several major factors impacting affordability, including costs and trends related to land, laws, labor, lumber, and lending.
"We as a state are going to have to very carefully consider or reconsider, if you will, the types of housing that we're seeing on the ground. For example, our traditional single-family low-density housing model is probably not going to work into the foreseeable future. It's already not working right now, especially in larger cities and rapidly growing areas," Losey said.
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