Tight restrictions
on growth often disguised as ways to protect the environment or relieve
traffic congestion are pushing the cost of housing beyond the reach of
millions of families.
In many high-growth
markets, teachers, police officers, fire fighters and other public servants
are commuting 50 miles or more to work each day because they can't find
affordable housing to rent or buy close to their jobs. Growth boundaries,
large-lot zoning and resistance to infill development are pushing people
to satellite cities in search of homes that are affordable to middle income
families.
Seemingly lost
in the ongoing debate over growth is a clear understanding of the economics
of development and the market forces driving demand for new homes.
When large
tracts of land are removed from the inventory of developable land because
of restrictions in use or the creation of growth boundaries, then the
value of all remaining land still available for development increases.
That can add thousands and thousands of dollars to the cost of a home.
Americans also
need to consider the relationship between job growth and housing demand.
It's a simple equation. More jobs equals more demand for housing.
If job growth
is a priority, then policy makers have a responsibility to ensure that
equal priority is given to demand for a broad mix of housing choices.
Working families suffer when we ignore the relationship between jobs and
housing.
A recent report
from the Center for Housing Policy, "Housing America's Working Families,"
indicates that more than three million working families in America either
spend more than half their income on housing or live in a severely inadequate
unit. This disconnect between job creation and housing is felt most by
middle and lower-income workers, including public servants and people
who work in the service and retail industries.
Demographic
trends over the next two decades will continue to increase demand for
housing. The population of the United States will grow by some 37 million
over the next 15 years. That means that we need to build 1.3 million to
1.5 million homes each year to keep up with the underlying demand for
new housing.
Because little
can be done to moderate demand pressures, the growth debate should focus
on the supply side of the market. That means developing a master growth
and zoning plan that will provide for a good mix of housing in various
price ranges and the timely construction of infrastructure improvements
roads and schools that will accommodate the county or city's anticipated
growth in an orderly manner.
Advocates of
no-growth policies pay lip service to affordability, but they offer no
solutions to the housing crisis experienced by low- and moderate-income
families as a result of restrictive growth policies.
Instead, we
should emphasize smart growth smarter choices about where and how we grow
our communities.
This nation
will continue to grow. If we deny that fact and fail to plan for it, then
we will continue to see more sprawl-related problems. If we acknowledge
that growth is going to occur and plan accordingly, then we can make a
positive contribution that will yield tremendous benefits for future generations.
(John Hayes,
who is with Torrey Homes, is president of the Home Builders Association
of Midwest Georgia, which serves a membership of approximately 461 builders
and associate members in Fayette, Coweta, Spalding, Heard and Meriwether
counties.)
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