Lehigh Valley needs about 51,000 more homes by 2050, new housing study finds

The Lehigh Valley faces a significant housing shortage, needing about 51,000 new units by 2050 to support population growth from 688,000 to over 816,000 and nearly 80,000 new jobs. Housing prices have risen sharply, with median home costs now over four times median income, up from two times in 1980, potentially reaching seven times by 2050. Current housing production lags behind demand despite recent approvals.