Dallas’ housing market has made headlines over the past year. The low inventory of homes has driven single-family prices up more than 10% faster than the national average, even as the Federal Reserve attempts to cool the economy. At the same time, the DFW rental market has seen an even more significant price explosion, up 30% this year and up nearly 50% over pre-pandemic levels. As a result, affordable housing in Dallas has become increasingly scarce.
The George W. Bush Institute’s Economist Cullum Clark talks about what’s contributing to and sustaining Dallas’ current housing market and the impact on our city’s future if we don’t act now. James Armstrong, President and CEO of Builders of Hope Community Development Corporation, one of Dallas’ biggest developers of affordable housing, shared how they’re tackling housing issues and the role philanthropy can play to support solutions. The conversation is moderated by Dallas Foundation Chief Impact Officer Drexell Owusu.