The Y.I.M.B.Y. movement in action
The Y.I.M.B.Y. movement—it stands for yes, in my backyard—is gaining momentum in American communities. Local officials and residents are giving the go-ahead to accessory dwelling units, implementing “missing middle” ordinances, and rezoning for greater housing capacity. These efforts aim to address the housing shortage by creating a more diverse and plentiful supply of homes."When it comes to solving the housing crisis, we need a dual approach: more construction and more efficient use of existing housing stock,” Pacaso CEO and Co-Founder Austin Allison said. “Communities across the country increasingly are open to innovative solutions, including higher density and co-ownership models that maximize the functionality of available homes. Embracing these strategies will lead to more options for homebuyers and better use of our limited resources."Pacaso set out to identify U.S. metropolitan areas that are embracing change to encourage density and provide a greater array of housing options. To find these Y.I.M.B.Y. trendsetters, we focused on areas with a clear need for new housing, where construction has been plentiful and price growth relatively modest. We concentrated on new development within existing communities, which are more frequently the source of local opposition, and excluded metros with high-growth exurban sprawl."It's great to see examples of localities that are advancing pro-housing policies so activists, elected officials, and agencies can mirror their success in more places," said Jessamyn Garner, communications director at YIMBY Action. "In the coming years, it's crucial that these policies are implemented to the fullest extent possible in order to reduce housing prices in these communities and beyond."In collaboration with MetroSight, Pacaso identified ten metro areas that rose to the top of the Y.I.M.B.Y. scale in our inaugural Pacaso Y.I.M.B.Y. Report. We classified high-demand ZIP codes as Y.I.M.B.Y. based on their increase in housing stock relative to home price growth. Metros with an abundance of such ZIP codes ranked higher on our Y.I.M.B.Y. scale.The top ten Y.I.M.B.Y markets revealed
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