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Washington Examiner

Montana’s raging housing market becomes flashpoint in key Senate race - Washington Examiner

Washington Examiner
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Sen. Jon Tester (D-MT) and Republican Tim Sheehy have hurled insults and accusations at one another on housing affordability in a matchup in which the victor could be the chamber’s majority maker.

Less than 20% of Montana households can afford a median home, according to the Montana Department of Commerce .

Median state home prices have seen a more than 50% uptick since 2019 to a median cost of about $425,000 in 2023 .

Montana ’s housing industry is skeptical, to say the least.

Building costs for its member companies have skyrocketed by more than double, creating a ripple effect across the economy.

The federal protection of public lands, coveted in Montana , has been brought into the political conversation as a possible fix for housing in Western states.