09/22/2026 | Press release | Distributed by Public on 09/22/2026 15:35
Cincinnati needs to be building homes nearly ten times faster to meet demand, according to CET's Brick by Brick.
University of Cincinnati economist Gary Painter offered insight on why more housing should be built ahead of the market becoming even hotter.
"We have to figure out how to thread a needle," Painter, professor and academic director of the Real Estate Center at UC's Lindner College of Business, told CET. "How do we build sufficient housing to make up the gap of what wasn't built in the 2010s?"
Painter mentioned that rents prices are climbing in Nashville due to the increase in developers there that don't need to get public financing.
"We have to figure out how to finance, approve and make sure that the whole process of development is sufficiently low cost that we do not wait until rents are $1,000 more than they are today," he said.
He told Brick by Brick that he is optimistic that more housing will be built in Cincinnati and Hamilton County.
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Featured image at top of a house key in a door. Photo/Adobe Stock
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"There's greater demand for living in Cincinnati," said Painter, professor and academic director of the Lindner College of Business's Real Estate Center. "We just haven't built enough units to keep pace with that increasing demand."
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A vacant office building in downtown Cincinnati will be converted into a 280-room hotel, creating hundreds of construction jobs and permanent jobs, WCPO reported. Carl Goertemoeller, executive director for the University of Cincinnati Real Estate Center, at the Carl H. Lindner College of Business, said the project really boils down to job creation.
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