Housing growth overall in the United States has declined over the last ten years. We having a housing deficit of over 3.8 Million homes.

Starter homes (Those under about 1400 sq ft) have declined most of all. We are at a 50-year low in the building of start homes. In the late 70s, they were 34% of the homes completed. Now they are less than 5%.

Source: FreddieMac

Housing production rates in Suffolk County are some of the lowest in the country. There were only 7 housing units per 1,000 residents built in Suffolk County from 2010-2018.

Source: Citizens Budget Commission

Prices are up. On Long Island the median home price went up XX% in the past 10 years. In the last year it went up XX%. On Shelter Island the median home price is now $1.2 Million.

Year-round rentals are hard to find.

Other communities like ours have created affordable housing for their residents. Places like Block Island, Martha’s Vineyard and our neighbors in Southampton and East Hampton have all created houses to buy and rentals for their community who have been priced out of living where their jobs and families are.