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Trump administration begins sweeping layoffs with probationary workers, warns of larger cuts to come; NYC music school teachers strike after union negotiations break down; Ohio advocates push for inclusive policies during Black History Month; Health experts recommend sunshine, socializing to cure 'winter blues.'

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Federal workers tasked with securing elections from foreign interference are placed on leave, parents' organizations reject dismantling Dept. of Education, and the Congressional Black Caucus presses discussions on slavery reparations.

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Rural America struggles with opioids and homelessness in unexpected ways, Colorado's Lariat Ditch could help spur local recreation, and book deliveries revive rural communities hit by Hurricane Helene.

America's 2-decade-long housing shortage needs a fix

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Thursday, September 12, 2024   

New Mexico houses cost less to buy than in many other states but there's also less inventory and one data expert does not expect a building boom to return.

Ali Wolf, chief economist for the data and consulting firm Zonda, said in the three years leading up to the 2008 Great Recession, homebuilders started about 2 million homes a year. Because the pandemic followed the financial crisis, housing starts never fully rebounded.

"We are seeing reasonable levels of growth," Wolf explained. "A lot more construction in the Southeast and the Southwest but these regions are really trying to play catch-up with the amount of in-migration that they've seen."

Since 2010, builders nationwide have started about 1 million new homes a year on average, far below the 1.6 million needed to keep up with population growth. Across New Mexico, there is a shortage of rental homes affordable and available to extremely low-income households with incomes at or below the poverty guideline of 30% of the area's median income.

To offer more inventory, Wolf argued builders need to feel comfortable that they can sell a home. At the same time, developers getting vacant lots ready need to feel confident that somebody's going to buy the land. Right now, she said, the number of vacant developed lots is still 40% below its pre-Great Recession level.

"The building community is saying, 'We don't want to get over our skis,'" Wolf observed. "I think that we will continue to see growth in housing starts. I just don't think we're going to see housing starts look anything similar to what we had seen before the great financial crisis."

Federal housing assistance used to focus on poverty, which helped New Mexico families where immigrants make up slightly more than 11% of the labor force. Now it is also a middle-class support program. If elected, Democratic presidential nominee Kamala Harris has promised financial assistance for both first-time homebuyers and developers who build their housing.


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In 2023, the Biden administration ordered a Bakersfield oil company to remove old oil rigs from Carrizo Plain National Monument in Central California. (Bob Wick/BLM)

Environment

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Groups that fight to protect public lands are criticizing the Trump administration's new review of all oil, gas and mining on public lands. National …


Environment

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This weekend, Virginians will participate with other birders around the world in the Great Backyard Bird Count. Thousands of birding enthusiasts …

Environment

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This weekend, birders across the world, including in Maryland, will participate in the Great Backyard Bird Count. Thousands of birding enthusiasts …


A new study looking at drought impacts on grasslands found that such lands in China saw a 43% reduction in annual productivity, compared with just a 25% reduction in North America under the same conditions. (Adobe Stock)

Environment

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Social Issues

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Minnesota is little less than a year away from launching its paid-leave law, but state lawmakers are debating whether to delay the start until 2027…

In its next contract, the Manhattan School of Music Precollege Program faculty union is looking for "reasonable" class sizes and for teachers to easily access remote learning tools when needed. (Adobe Stock)

Social Issues

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A New York City music school's faculty is back in the classroom after a weeklong strike. The Manhattan School of Music's Precollege Program faculty …

Social Issues

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A New York bill would require schools to teach about the Jan. 6 insurrection. The bill calls for all K-12 students to be taught about the event…

Health and Wellness

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An Atlanta-based group is making sure more people have access to an unconventional but effective treatment for their moderate mental health challenges…

 

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