Factors Influencing Supply of Affordable Housing in Nigerian Cities Using Confirmatory Factors Analysis

Abstract

Despite the Nigerian government's efforts to provide affordable housing to the country's low and medium-income groups, the efforts have not yielded the desired results. These have led individuals, families, and organisations to supply housing either on their own or on a rental basis. Although several scholars have attempted to investigate the problem, none has found a realistic solution. Only a few scholars have also used the confirmatory factor analysis to investigate and isolate and the critical factors influencing housing production and supply to the low and medium-income groups in the country. This research attempts to bridge this gap. Ekiti, Lagos and Oyo States were used as case study for the research. Two hundred and ten (210) survey questionnaires were administered on real estate developers using the purposive sampling technique. The data was analysed in SPSS. The study revealed that land accessibility, funding and demographics were found to be the significant factors influencing the supply of low and medium-income housing in the study area. The study recommends direct government intervention in housing supply in favour of an enabling environment for the housing sector in the country