{"id":4816,"date":"2020-05-29T20:55:22","date_gmt":"2020-05-29T20:55:22","guid":{"rendered":"https:\/\/www.imegcorp.com\/?post_type=news_events&p=4816"},"modified":"2020-05-29T21:01:59","modified_gmt":"2020-05-29T21:01:59","slug":"2020-housing-report-reveals-need-for-affordable-housing-in-montana","status":"publish","type":"news_events","link":"https:\/\/www.imegcorp.com\/news_events\/2020-housing-report-reveals-need-for-affordable-housing-in-montana\/","title":{"rendered":"2020 Housing Report reveals need for affordable housing in Montana"},"content":{"rendered":"

IMEG\u2019s Paul Forsting served on the coordinating committee for the compilation of the\u00a0<\/span>2020 Missoula Housing Report<\/span><\/a>\u00a0recently released by\u00a0<\/span>The Missoula Organization of Realtors<\/span>, which\u00a0<\/span>showcas<\/span>es<\/span>\u00a0the supply and demand needs for housing in the area. Though the data is pre-COVID-19,\u00a0<\/span>and likely subject to change as unemployment rises, the report shows a high demand for<\/span>\u00a0affordable housing\u00a0<\/span>but\u00a0<\/span>limited supply to meet that need.\u00a0<\/span>\u00a0<\/span><\/p>\n

The report also shows a decline in permitting and entitlement in the last two years, partly due to new regulations and escalated standards for housing developments<\/span>, but the demand is especially high for multi-family housing in\u00a0<\/span>densely<\/span>\u00a0populated areas like Missoula<\/span>, where the number of\u00a0<\/span>available<\/span>\u00a0rentals is less than 4 percent.<\/span>\u00a0<\/span><\/p>\n

While it\u2019s impossible to know if the pandemic will negatively affect supply and demand for housing, the chances of ripple effects are high.<\/span>\u00a0<\/span><\/p>\n

Forsting is a land use and environmental planner in Territorial Landworks now IMEG\u2019s Missoula office.<\/span>\u00a0<\/span><\/p>\n

Read more.<\/span><\/a><\/p>\n","protected":false},"featured_media":4818,"template":"","meta":{"_links_to":"","_links_to_target":""},"acf":[],"yoast_head":"\n2020 Housing Report reveals need for affordable housing in Montana - IMEG<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.imegcorp.com\/news_events\/2020-housing-report-reveals-need-for-affordable-housing-in-montana\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"2020 Housing Report reveals need for affordable housing in Montana - IMEG\" \/>\n<meta property=\"og:description\" content=\"IMEG\u2019s Paul Forsting served on the coordinating committee for the compilation of the\u00a02020 Missoula Housing Report\u00a0recently released by\u00a0The Missoula Organization of Realtors, which\u00a0showcases\u00a0the supply and demand needs for housing in the area. 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