Sustainable Growth and Development

4.09 Housing Inventory Ratio

The visualized data shows two important aspects of housing stock trends between 2017 and 2022:

1. Total Housing Stock by Category:
   Affordable Housing has remained relatively stable over the years, peaking in 2020 and 2021, before declining slightly in 2022.
   Workforce Housing experienced a drop from 2017 to 2020 but saw significant growth in 2022.
   Market Rate Housing saw steady growth, with notable increases in 2020 and 2022.
2. Ownership vs Rental Housing Stock:
   Across all categories, rental housing dominates the Affordable and Workforce categories.
   Ownership Housing is a higher proportion in the Market Rate category, showing its growth over the years, especially in 2020 and 2022.
   Rental Housing in the Affordable and Workforce categories shows large numbers, indicating a focus on rental solutions for those housing types.

Key Insight: The overall housing stock slightly increases from 2017 to 2020, with a more significant rise in market-rate housing, reflecting an increased focus on higher-income housing developments.