Kentucky Housing Shortage Cited as Drag on Economic Growth Potential

The housing shortage in Kentucky is reportedly due to a slowdown in home building that began after the 2008 recession. The group noted that the state faces a shortage of roughly 200,000 housing units, a situation that has reportedly worsened or remained stagnant in many communities. The Kentucky Chamber of Commerce has been urging state lawmakers to address these housing challenges.

The core issue identified is a supply-and-demand imbalance in the state's housing market. The Chamber is advocating for policy changes, such as making it more feasible to construct starter homes. Lawmakers have acknowledged the strain this places on two-income households seeking affordable housing.

The Kentucky housing market is showing continued growth and inventory increase.