I just read the following from the Boston Herald.
Greater Boston is likely to face housing shortage through 2012, according to a study by the University of Massachusetts.
The slow recovery of construction after the housing slump will be inadequate to redress the region’s shortages and meet modestly growing future demand, researchers found.
The article goes on to state:
The Donahue Institute for the state Department of Housing and Community Development revealed the underproduction of single-family units can be expected to result in significant shortages in Greater Boston and increased prices, the survey said. The report also stated lower vacancy rates will drive apartment prices up.
Please note that this information was on the Boston Herald web site and there were no links to these studies. However, I wlll Google these reports and once I find the links I will add them to this blog post.
Source: Boston Herald.