San Diego, Boston, and Los Angeles have set lofty goals but haven’t made good on those ambitions in the past
Many of the woes of the housing industry stem from a lack of inventory. Cities are making efforts to build, but which ones will actually deliver?
Zillow examined the past efforts and current plans of 38 major U.S. cities and found which ones came through on past promises, and which ones came up short.
The site divided the cities into four quadrants, sorted by modest and aggressive prior delivery, and modest and aggressive promises. Dallas has the most aggressive promise, but the Texas city has the best record of delivery. San Diego, Boston, and Los Angeles have set lofty goals but haven’t made good on those ambitions in the past. Sacramento, Fort Worth, and Washington failed to keep up with population growth, but only have modest plans now.
Atlanta and Denver are two of the cities that set modest goals but have great track records for delivering new homes.
In Denver, the city aims to build 6,000 housing units over ten years, roughly one new unit for every twenty new adults the city expects to see in the coming years. But while this is a really low goal, it may turn out okay in a city like Denver, as opposed to a city like Boston.