Housing market shows healthy ownership rate; points out dilemma in new housing

By: 
Ethan Stoetzer

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This article is part of a larger series that will break up the data provided in Franklin County Housing study into smaller sections, putting their impact into context of the multiple forces at work when it comes to the Franklin County housing market. For context, this story illustrates the housing characteristics in Franklin County. Future articles will breakdown the numbers in this story further for understanding.
The Franklin County Comprehensive Housing Needs Analysis study, revealed in May, came to the conclusion that over 600 units of housing, either from rental, senior or market-owned will be needed through 2025 to both handle current market pressure and withstand future trends. To plan for what type of housing will be needed, it’s best to evaluate the current trends of the market.
Maxfield Research and consulting states in the report that “housing functions as a building block for neighborhoods and goods and services.” When examining a housing market like Franklin County’s that is fairly saturated with residents in housing units, the first indicator is to look at how many new properties are being built to add to the market supply.
Read the full article in the June 28 edition of the Hampton Chronicle.

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