EYE ON THE PIE: The trouble with inexpensive housing
From 2000 to 2004, the U.S. Census Bureau tells us, there were 148,500 housing units added in Indiana. That’s a 5.8-percent rate of growth (16th in the country), exceeding the national rate of 5.3 percent. During the same period, Indiana added 134,600 people, a 2.2-percent increase (33rd in the country) and just more than half the 4.1-percent national rate. For every person we added, we built 1.1 housing units, the 10th-highest rate in the nation. What’s going on? To get…