Right here’s how a lot new housing Maine has allowed since 1980

Aggressive housing benchmarks laid out for Maine in a landmark report launched Wednesday shall be onerous to satisfy, however they’re removed from unprecedented in state historical past.

The state wants to boost new houses from the 4,800 that it has permitted on common yearly over the previous 5 years to between 8,500 and 9,300 by 2030 to account for historic underproduction and the anticipated enhance in inhabitants, in accordance with the report from the administration of Gov. Janet Mills and MaineHousing, the state’s housing authority.

It has been about 20 years since housing manufacturing right here fell inside that vary. The sector largely tracks with the well being of the U.S. economic system. Sometimes, it takes a couple of years for the great and unhealthy occasions to ripple into the market. That’s very true in locations like Maine which can be a bit extra insulated from nationwide developments.

Michael Shepherd joined the Bangor Every day Information in 2015 after time on the Kennebec Journal. He lives in Augusta, graduated from the College of Maine in 2012 and has a grasp’s diploma from the College…
Extra by Michael Shepherd