Is housing an economic asset that improves a community’s ability to produce goods and services? Is it a social asset because it supports people in being useful members of society? Should it just be left to market forces to sort out?
Housing impacts all aspects of our community and economy. However, recognizing the role that housing has on economic development and employment, savings, investment, and labor productivity is a more recent development.
This idea is discussed in Housing and Economic Development: The Evolution of An Idea Since 1945.
The value we place on housing in our community impacts our public investments and policies. Should we be investing more and creating policies and programs that enhance the economic development and social impact of housing in our community? Or, should we leave this to the market to sort out?
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