EXPLORESmart Cities Dive · 2h ago
New Mexico is short 58K homes. Streamlined permitting can help, study says.
Executive Brief
The 30-second read
New Mexico faces a deficit of 58,000 homes due to inefficient case-by-case housing project reviews. Implementing streamlined permitting reforms is recommended to accelerate production and stabilize the regional real estate market.
- 01New Mexico currently lacks 58,000 housing units to meet regional demand
- 02Individualized project reviews are identified as a primary bottleneck for new construction
- 03Mercatus Center research suggests standardized permitting processes will increase housing supply
- 04Streamlining local approval protocols is necessary to address the statewide housing shortage
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London Business News: Executive Guide →AI-generated summary · Verify at source
Reviewing housing projects on a case-by-case basis is slowing down production in localities, a report from the Mercatus Center at George Mason University suggests.