Fred Says: Permitting More Housing Positively Impacts Housing Price

With some help from Zumper an online tracker of rents, it looks like when the number of people to housing permits falls, so does the rate of increase in housing prices. Permitting appears to catch up to population growth in Nashville over the ten-year period, and when we look at the five years we have for rent and housing prices, those begin to soften along with the apparent increase in production. A big problem with permitting data is that it doesn’t tell us when the units permitted actually go into service.

Which Homes Can You Afford?

Get a list

How Much Is Your Home Worth?

Calculate Now

Continue to full article