Gov. Gretchen Whitmer has announced that Michigan is making progress to tackle the statewide housing shortage.
Because of state investment, federal resources and private development, Whitmer said Michigan built or rehabilitated 50,000 housing units, significantly reducing the statewide shortage from 190,000 units to 141,000 units.
Work to build more housing will continue, she said, due to record investments from the Michigan State Housing Development Authority (MSDHA) and resources secured in the recently passed balanced state budget.
“Our record investments to build housing have reduced our statewide shortage by 50,000 units, helping tens of thousands more Michiganders have a safe, affordable place to call home,” said Whitmer.
Population and housing unit estimates are updated annually by the U.S. Census Bureau, most recently in May. Michigan State Housing Development Authority (MSHDA) staff in its Office of Market Research uses the latest Census data to arrive at projections of supply and demand, setting the goal of a 5% vacancy rate to model the conditions of a housing market that’s healthy and balanced.
“This data shows our state is taking steps toward closing the gap and addressing the housing crisis for our neighbors,” said Amy Hovey, CEO and Executive Director of MSHDA. “That’s exactly why we raised the state’s five-year housing goal by 53% last month, in recognition of the significant progress we’ve made, yet acknowledging that we need to do more.”
Current trends indicate Michigan can expect about 20,000 additional housing units per calendar year between now and the end of 2026. However, MSHDA estimates suggest the state is likely to continue to see those trends increase, assuming the state continues to increase investment in housing production.
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