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Northeast Housing Crisis: New Jersey Lags Behind
Description
New Jersey, along with Connecticut and Rhode Island, is the only state that lost housing units per person since 2020, while the rest of the nation saw a building surge that cooled down median rent. Local pushback in New Jersey, particularly in Bergen County, has led to a halt in denser affordable housing mandates. Experts suggest a balance of one unit per 2.5 residents, with states like Vermont and Utah exceeding this ratio. As rents dip and builds ramp up elsewhere, New Jersey must hustle to improve affordability or risk further slippage.
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