Elmer Moore, Jr., CEO of Wisconsin Housing and Economic Development Authority (WHEDA)

For years, Wisconsin’s housing shortage lingered in the background, a slow-moving problem many hoped would fix itself. But in the last decade, the quiet shortage turned into a crisis. Families starting out, retirees hoping to downsize, and workers chasing jobs in Milwaukee, Madison and Green Bay now find themselves bidding against each other for too few homes. The competition drives prices higher. Some counties have seen values climb close to 50 percent in just five years while affordable rentals vanish as landlords renovate and chase bigger returns.

The crunch isn’t just a city story. In small towns and farm country, aging homes sit vacant or fall apart, while new construction often caters to seasonal visitors or wealthier buyers. In tourist hubs, lake cabins and cottages are more likely to end up as short-term rentals than steady housing for the teacher, health worker, or mechanic who keeps the community running.

Unstable housing can create ripple effects that spread through classrooms, workplaces, and even hospitals. In a state that prides itself on attainable, down-to-earth living, the notion that housing has slipped into luxury status feels unsettling and deeply personal. Yet it’s a reality shaping Wisconsin’s future…

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