2023 Session Review: Housing AffordabilitySession review
Housing is expensive. A growing population with a higher demand for homes, a low supply, slow housing development, and the resulting competitive market are leaving many households cost burdened or entirely unable to afford housing. Washington needs to produce nearly 100,000 units as soon as possible while also producing over 20,000 more per year to meet demand. However, increased regulations have made it costlier to develop housing and have extended timelines by months and sometimes years, pushing developers out of state.