TRAVERSE CITY, Mich. (AP) – Experts say the housing shortage in the Traverse City area is hurting many industries in the region, including construction and health care.
A regional planner for Networks Northwest tells the Traverse City Record-Eagle that the housing crisis is becoming a business and economic development problem.
Developers can’t build housing because they lack workers and workers can’t relocate to the area because they can’t find housing. The region’s lack of construction workers has prompted some developers to abandon or stall projects.
A TraverseConnect official says housing has become a critical issue for all businesses, but especially seasonal industries, including tourism, construction and agriculture, where labor demand peaks at the same time demand for housing rises.
The housing shortage also discourages candidates from applying for jobs at Munson Medical Center.