The Boston Foundation Releases Tenth Annual Greater Boston Housing Report Card - November 14, 2012

Report finds changing demand for housing in Greater Boston, calls for emphasis on transit-oriented, higher density development

Boston – The Greater Boston housing market will improve in coming years, but buyers and renters in 2020 may be seeking significantly different types of housing, according to projections in the Greater Boston Housing Report Card 2012: A New New Paradigm for Housing in Greater Boston, which was released today at a Boston Foundation Understanding Boston forum.

Written by Professor Barry Bluestone and his team from the Dukakis Center for Urban and Regional Policy at Northeastern University, the report is the tenth in the Boston Foundation’s Greater Boston Housing Report Card series. Using projections from the Metropolitan Area Planning Council, the report authors estimate that Greater Boston developers may need to double or even triple annual housing production to meet demand through 2020. Buyers, however, are expected to seek smaller, more transit-oriented developments, as Baby Boomers seek to downsize and new buyers look for more affordable housing that suits their smaller households.

Please click here to read the full news release from The Boston Foundation.