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Home Building Association warns of regional lot deficit, urges local policy steps to increase housing supply
Summary
Elizabeth Greenfield of the Home Building Association of Richmond told Powhatan supervisors the Richmond region faces a large lot deficit and low inventory (Powhatan ~2.7 months of supply), endorsed zoning and permitting reforms and suggested targeted incentives to lower production costs.
Representing builders, developers and the trades across the PlanRVA footprint, Elizabeth Greenfield of the Home Building Association of Richmond briefed the Powhatan County Board of Supervisors on Sept. 5 about regional new‑construction trends and local options to ease housing shortages.
Greenfield said the region has low inventory, elevated demand and rising prices. She reported that Powhatan has about 2.7 months of inventory (a healthy market is roughly 6 months) and described a regional pattern in which roughly 2,300 lots…
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