“New Jersey’s housing production roller coaster has been defined by long-term crests and falls since the 1940s,” James Hughes said. “The increase in construction during the 2020s so far suggests a potential turning point that adds important context to ongoing policy discussions about housing supply in New Jersey.”
Topic
housing trends
New Jersey might go on a housing production tear this decade, Rutgers study predicts
“There’s a desire by the powers in Trenton that we at least maintain or stimulate more housing production,” Hughes said. “One of the sources of new housing has been obsolete office buildings. They have the land and utilities in place. It’s higher density housing, but policies like that can be very effective.”
Hughes Publishes New Rutgers Regional Report with CAIT
“Altogether, these economic, demographic and geographic factors provide a broader framework for understanding recent housing production trends within the state’s evolving economic and population landscape,” said Hughes.