A story on NewsChannel 9 featured the latest CRER white paper on the composition of the Chattanooga housing stock.
Between 2014 and 2024, the number of households in the Chattanooga metro area grew by more than 15 percent. Over that same time, housing units increased by about 10 percent. That’s according to a report released Monday morning from the University of Tennessee at Chattanooga’s Center for Regional Economic Research (CRER).
That imbalance has led to lower vacancy rates and a tighter housing market.
The report notes that vacancy rates dropped significantly, especially inside the city, where they fell from just under 15 percent to just above 8 percent.