CHATTANOOGA, Tenn — More people are moving in. Not enough homes are keeping up.
A new report shows a growing gap between housing demand and supply across the Chattanooga area, a trend that is putting pressure on prices and reshaping the types of homes being built.
Between 2014 and 2024, the number of households in the Chattanooga metro area grew by more than 15 percent. Over that same time, housing units increased by about 10 percent. That’s according to a report released Monday morning from the University of Tennessee at Chattanooga’s Center for Regional Economic Research (CRER) (read the full report below).
That imbalance has led to lower vacancy rates and a tighter housing market…