These charts and graphs tell the story better than what I can put into words. Single family permits, already on a downward spiral in 2015, are now at an all- time low of 26 for the first quarter of 2016, as builders struggle to conform to the new design requirements in title 21. But, it’s not just the single family homes that are in the downward spiral. Duplexes and duplex condos have also taken a dramatic decline as these charts indicate. Multi-family units, generally built with low income tax credits, and providing much needed affordable housing, has also dramatically declined.
So, in today’s economy, was the implementation of the new title 21, the right decision for Anchorage’s housing shortage and aging housing stock?