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12/17/2018

Despite Housing Boom, Columbus in Need of More Housing

Source: 610 WTVN

COLUMBUS, Ohio (24-7 News)--A new report from the Building Association of Central Ohio is saying Columbus needs to construct at least twice as many new residences despite the current apartment boom. 

The details of the study were released Wednesday and show the current building rate is falling behind the anticipated need for housing in Central Ohio through the year 2050.  

Recommendations listed in the report say between 14-thousand and 21-thousand brand new homes and apartments need to be added each year to meet the expected demand.  

Currently around 84-hundred new residences are being added to the market and developers say local zoning regulations are one reason for low numbers being built.

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