01/15/13 - 10:13pm
Somehow Juneau has upended the law of supply and demand.
The city’s population is up, home sales are up and home prices are at an all time high. However the supply of new home starts missed the demand by 70 percent between 2010 and 2012.
City and Borough of Juneau Lands and Resources Manager Heather Marlow presented information from the Juneau Economic Development Council’s 2012 Juneau Housing Needs Assessment to the CBJ Lands Committee on Monday.
“The research I’ve done that goes back to the 50s,” Marlow said, “And we’ve never had an adequate housing supply.”