ROCKFORD, Ill. (WTVO) — New housing developments are opening across Rockford, but studies and recent data show the region is still facing a housing shortage — a problem driven less by a complete lack of homes and more by gaps in supply, aging housing stock and affordability.
A housing study commissioned by the City of Rockforddescribes the issue as a long-term imbalance that requires analyzing population trends, housing inventory and projected demand, including a “gap analysis for the next 10 years.”
The study highlights structural challenges in the local housing market. About 30% of homes in Rockford were built between 1940 and 1959, while relatively little construction has taken place in recent decades…