V O L . X X I X N O. X I X
18
Fact Book / Doing Business in Maine
Q UA L I T Y O F L I F E
to say, a lack of demand is not what's weighing on
building permits, but rather issues on the supply
side, including labor availability, cost of materials,
and difficulty in obtaining financing due to stricter
lending requirements."
While much of the development is one-off proj-
ects or small developments, Maine's housing stock
is being bolstered at the Downs, which has built 500
housing units over five years and plans another 1,500
units, including apartments, senior living quarters,
townhomes, duplexes, condos, single-family homes
and "tiny" homes of 525 square feet (see image).
A lot can happen before the end of the year, but
right now Maine is holding steady.
P e t e r Va n A l l e n , M a i n e b i z e d i t o r , c a n
b e r e a c h e d a t p v a n a l l e n
@
m a i n e b i z . b i z
»
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A lack of demand is not what's
weighing on building permits,
but rather issues on the supply
side, including labor availability,
cost of materials, and difficulty in
obtaining financing due to stricter
lending requirements.
— Tom Dworetsky
Camoin Associates
S O U R C E : Maine Real Estate Information System (Maine Listings)
MAINE'S HOUSING NUMBERS IN JUNE, 2023
CUMBERLAND YORK KNOX SAGADAHOC LINCOLN
2022 2023 2022 2023 2022 2023 2022 2023 2022 2023
$600K
$550K
$500K
$450K
$400K
$350K
$300K
$250K
$200K
$150K
$100K
$50K
$0
$525 $550.5 $460 $490.5 $425 $471.5 $420 $417.5 $390 $413.5
