For many in Boston, housing is a huge challenge. From price to availability, finding a place where you want to live — and that you can afford — is tough. That there are simply too many people who want to live here and not enough places to meet that demand.
Europe and China are among Massachusetts biggest export markets and the weakening of those economies could affect the state’s economic growth, said Alan Clayton-Matthews, an economics professor and Northeastern University. Among the questions are whether Europe will slip back into recession and China’s overheated real estate market will end in a bust that would unsettle the global economy.
Local housing advocates have long warned that Massachusetts needs more development to meet the demands of first time homebuyers, yet most new construction is still aimed at the luxury market. Barry Bluestone joins WGBH News in their continuing FOCUS series, “Growing Pains,” to look the struggle to find a starter home in Boston.
In the 10 years since the Massachusetts School Building Authority was created, the agency has distributed $10.5 billion to help build and renovate hundreds of schools to improve the quality of education around the state, but the funding also has played a significant role in creating jobs and generating tax revenue, a new report shows. The economic impact was particularly meaningful during the recent downturn, which hit the construction industry hard, according to the report, written by Alan Clayton-Matthews and Barry Bluestone of the Northeastern University Dukakis Center for Urban and Regional Planning.