For decades, new housing production has lagged behind household growth in the United States, leading to an acute shortage of affordable homes. In 2021, the nation faced an estimated shortage of 5.5 million to 6.8 million units. To close this “underbuilding gap,” the U.S. would need to construct 60% more units than were created in 2020 over the next decade.
To explore different facets of the housing supply crisis and potential solutions, BPC’s J. Ronald Terwilliger Center for Housing Policy launched the “Getting Serious About Housing Supply” event series.
Series Launch Event
December 14, 2021
This event explored our nation’s housing shortage, including an overview of the demand-supply imbalance, its root causes, implications for renters and homeowners across the nation, and potential solutions.
President and CEO of Mercy Housing; Former Exec. Director of Denver Housing Authority
Former Assistant Secretary for Housing, HUD; Former Federal Housing Commissioner, HUD; Chief Production Officer, Walker & Dunlop
Addressing Restrictive Land Use and Zoning
January 18, 2022
Restrictive zoning and land use policies contribute not just to higher housing costs—they limit economic mobility, curb productivity, and lock in segregation and poverty. Although influencing local land ordinances and regulations is challenging as a matter of federal policy, many federal initiatives to eliminate local barriers to housing development have been put in motion by Democrats and Republicans alike. This event focused on what it will take to meaningfully address land use and zoning policies that drive up production costs and limit housing supply.
Aligning Housing Subsidies
February 17, 2022
To make a housing development pencil out financially, developers rely upon a complex mix of loans, tax credits, grants, and other financing mechanisms. The fragmentation and complexity of various subsidies and financing options can add unnecessary costs and inefficiencies to the development process, adding to the overall costs of construction. This event, the third of our “Getting Serious About Housing Supply Series,” will explore how to streamline and improve incentives to build more homes, from multifamily rental housing affordable for low-income households to entry-level homes for purchase.
Research Director, Terner Center for Housing Innovation, University of California-Berkeley
Executive Director, MassHousing
Partner, Arnall Golden Gregory
Senior Vice President, Lead Social Impact & Sustainability Specialist, Wells Fargo
Director, Housing and Infrastructure, BPC
Supporting Construction Innovations to Drive Down Costs
March 24, 2022
Costs layer on top of one another throughout housing development—from planning to construction to inspection—to push up the overall price tag of new homes. Yet innovations—such as modular and off-site construction, the use of novel building materials like mass timber and SIPS panels, and 3D printing—could help unlock housing production at all levels of affordability and at scale.
This webinar, the fourth of our “Getting Serious About Housing Supply Series” will examine innovative materials and building processes that offer lower cost and high-quality building options and discuss roadblocks to broader implementation.
Panel discussion with:
President, Manufactured Housing Institute
Professor and Director, Virginia Center for Housing Research, Virginia Tech
Professor of Architecture, University of Oregon; Director of Design, Tallwood Design Institute
Associate Director, Rural Studio
Associate Director, Terwilliger Center for Housing Policy, BPC
Corporate Initiatives to Boost Housing Affordability
April 21, 2022
Communities across the country have been underproducing new housing, resulting in an acute lack of affordable and available homes. The housing supply challenge is so profound that businesses, of all sizes, increasingly cite housing unaffordability as a primary barrier to attracting, retaining, and developing diverse and productive workforces. It is a critical factor guiding where companies decide to locate their operations and where workers search for jobs in such a competitive labor market.
This webinar—the fifth in our Getting Serious About Housing Supply series—will explore how corporate America is taking action, recognizing how they both affect and have been affected by fast-rising housing costs. A panel of experts will discuss how companies are getting involved—from investing directly in new housing developments to advocating for durable policy change—to help tackle fundamental barriers to housing construction, boost supply, and build stronger communities.
Policy and Data Project Manager Amazon
The Need for More Skilled Construction Workers
July 21, 2022
Our country suffers from an acute shortage of safe, decent, and affordable homes. Exacerbating this problem is the lack of skilled construction workers that limits new construction and preservation efforts. In fact, the Home Builders Institute reported that between 2022 and 2024, approximately 2.2 million new workers are needed.
This webinar, the sixth in our Getting Serious About Housing Supply series, examined the reasons behind today’s shortage of skilled construction workers. It also explored potential solutions, from combating perceptions of the field to scaling up successful training programs, while taking on some of the specific employment challenges in rural and under-resourced communities.
Keynote remarks by:
President and CEO, Home Builders Institute
Panel discussion with:
Associate Director, Revitalize Appalachia, Coalfield Development
Coordinator, Apprenticeship Readiness Program, North America’s Building Trades Unions
Arica N. Young
Associate Director, J. Ronald Terwilliger Center for Housing Policy, BPC
The State of the U.S. Housing Market
September 1, 2022
The U.S. housing market is facing serious challenges. A structural deficit of homes for both sale and rent, combined with skilled labor shortages and supply chain snags, have led to rent and home price spikes. Complicating the picture is the uncertainty around the economy, inflation, and rising mortgage rates. This webinar hosted prominent economists to discuss the state of the housing market’s homebuying and rental sectors.
Panel discussion with:
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