The National Association of Hispanic Real Estate Professionals (NAHREP®)
While housing underproduction has been widespread, Latinos have been disproportionately impacted. Today, over 51 million Latinos live in a market experiencing housing underproduction (92 percent).
According to the underproduction analysis by Up for Growth, California, Texas, and Florida have the highest levels of housing underproduction with more than 1.6 million units underproduced. These are also three of the most populous Latino states in the U.S., home to 32.7 million Latinos, more than half of the nation’s Latino population
A breakdown of underproduction by MSAs indicates that 9 of the top 10 MSAs exhibiting the highest rate of underproduction have a Latino population above the national average, and 7 out of 10 have a Latino population above 40 percent.
Not only is there currently housing underproduction in all 10 MSAs with the largest Latino populations in the country, but between 2012 and 2019 it worsened in every one of those markets. More……..