The Wausau Economic Development Meeting held on June 3, 2025, focused on housing demand, population projections, and strategies for regional growth. The meeting began with a presentation highlighting that nearly 75% of the projected housing units for 2025 have been built, although demand is expected to continue through 2030. The discussion noted that while some subdivisions are filling up slowly, they are located outside Wausau, indicating a regional housing trend.

Key points included the current housing market's low vacancy rates, with owner-occupied housing at 0% and rental rates at 5.6% in Wausau, suggesting a pressing need for more housing options. The committee acknowledged that while population projections indicate a potential decline, the demand for housing remains strong due to smaller household sizes and aging housing stock.

Alder Henke emphasized the importance of building new housing to attract residents, citing climate migration as a factor influencing people moving to Wisconsin. The committee discussed the challenges of justifying new housing developments in light of declining population projections, with some members questioning the sustainability of such investments.

The conversation also touched on the need for a balanced approach to housing and job growth. It was noted that while housing is essential, the local economy must support jobs that provide living wages to ensure that new developments are viable. The meeting concluded with a consensus on the importance of regional collaboration in addressing housing needs and economic growth, despite the complexities of population trends.

Overall, the meeting underscored the ongoing challenges and opportunities in Wausau's housing market, highlighting the need for strategic planning to foster sustainable development in the face of changing demographics and economic conditions.