#housing-shortage
#housing-shortage

LA real estate

Inflation isn't the real problem for the U.S. economy. The housing shortage is

A national housing shortage is the main driver of inflation, not broad-based price increases.

Rising housing costs, particularly in the 'shelter' category, are significantly impacting inflation rates. [ more ]

Route Fifty

Getting serious about housing in New York City

Mayor Eric Adams wants to build more housing in every neighborhood of New York City to combat the housing shortage.

Zoning reforms have taken hold across the nation and the city's proposals are a welcome endorsement of these reforms. [ more ]

BKReader

East Bay real estate

Mayor Adams Touts Record Number of Affordable Units

Mayor Eric Adams announced a record number of affordable housing units built in New York City.

Adams called for state lawmakers to provide critical tools for affordable housing creation. [ more ]

New York Post

4 months ago

New York City

Hochul demands lawmakers sign off on Adams' housing plan: 'Let them build!'

Gov. Kathy Hochul is pushing for the approval of a plan to build 500,000 new homes and apartments in New York City to address the housing shortage.

Hochul's plan includes reviving a tax break program for developers, creating a similar program for office tower conversions, repealing a state law on building height, and streamlining environmental reviews for housing projects. [ more ]

morenew-york-city

ABC7 San Francisco

1 week ago

California's population grew in 2023, halting 3 years of decline

California's population grew slightly in 2023, ending a three-year decline due to various factors including the pandemic and migration patterns. [ more ]

www.mercurynews.com

3 weeks ago

Walters: While California politicians skirmish over housing, shortage keeps growing

The California Legislature grapples with a housing shortage; conflicts persist between state and local officials over housing development and zoning policies. [ more ]

Kqed

Larkspur Voters to Decide Future of Rent Control In Their City | KQED

Opponents spent over $90,000 for a referendum, using misleading tactics, raising concerns among tenant advocates.

Rent control is seen as crucial due to rising rents in Marin County, with housing shortage leading to displacements and the need for more housing. [ more ]

The Mercury News

California's 7-year housing push has yet to boost building, experts say

California has a 2.5 million home shortfall and has made little progress in solving it despite passing 140 housing bills.

The state needs to build 180,000 to 300,000 homes per year, but currently issues fewer than 120,000 new home permits annually. [ more ]

www.ocregister.com

California's 7-year housing push has yet to boost building, experts say

California has a 2.5 million home shortfall despite the passage of over 140 housing bills.

The state needs to build 180,000 to 300,000 homes a year, but current permits only reach around 120,000. [ more ]

www.nytimes.com

2 weeks ago

NYC politics

New York Has a $237 Billion Budget. Here Are 5 Things to Know.

New York lawmakers passed a $237 billion budget with funds allocated for migrant crisis, distressed hospitals, and policy initiatives like tenant protections and Mayor's school control. [ more ]

therealdeal.com

NYC politics

Kathy Hochul's Housing Plan Calls Legislators' Bluff

Governor Kathy Hochul challenges state legislators to cede control to New York City on property taxes and housing density.

State legislators refuse to let the city reduce taxes on rental projects and make conversions of office properties illegal. [ more ]

Yahoo News

5 months ago

NYC politics

New York City will pay homeowners up to $395,000 to build an extra dwelling in their garage or basement to help ease the housing shortage

New York City is launching a pilot program to fund the construction of accessory dwelling units (ADUs) for homeowners.

15 homeowners will receive up to $395,000 each to build the additional units.

The program aims to increase housing density and provide more affordable housing options in the city. [ more ]

www.standard.co.uk

3 weeks ago

London politics

Sadiq Khan confirms creation of London-owned housing developer if he wins re-election

City Hall-owned housing developer to address housing shortages and tensions between stakeholders. [ more ]

New York Post

1 month ago

New York City

NYC pols push state to fix decades-old law blamed for preventing much-needed housing as highlighted by Post probe

The 1961 law in Manhattan restricts building sizes, exacerbating the housing shortage.

Studies show the law may have cost NYC 200,000 apartments over the years. [ more ]

www.fastcompany.com

East Bay real estate

How this sleek affordable housing project in Maryland became a reality

The Laureate apartment building in a D.C. suburb offers high-end amenities but also includes affordable housing units.

The building was financed through a $100 million fund created by the county government to address housing shortages in the area. [ more ]

www.mercurynews.com

5 months ago

East Bay real estate

Is America is becoming a country of YIMBYs?

Public support is growing for changes to zoning codes and housing laws that have limited new development.

Americans are concerned about high housing costs and the severe housing shortage. [ more ]

New York Post

NYC real estate

The US is facing a widening housing shortage with the market missing a whopping 7.2M homes

America faces a long-term housing shortage with up to 7.2 million missing homes.

Increased housing construction is crucial to meet the rising demand as population growth outpaces new home construction. [ more ]

Streetsblog

San Francisco

Should Communities That Suppress Housing Lose Their Road Funding? - Streetsblog USA

Tying transportation funding to policy outcomes has historical precedent.

New proposals suggest linking transportation funding to housing goals to address shortages. [ more ]

BBC News

London

Housing crisis: Gove to relax planning rules over mayor's 'failure'

The government plans to make it easier to develop brownfield sites in London to address the housing shortage.

A review found that the complexity of the London mayor's planning rules has hindered house-building. [ more ]

www.standard.co.uk

London

Over 6,000 incomplete ghost houses' across London as property market takes downturn

Construction work at 61 house-building sites in London has been halted, leaving over 6,000 half-built homes abandoned.

The number of stalled schemes is unprecedented in recent history, with only 10 schemes put on hold during the financial crisis in 2008 and 2009. [ more ]

Thesanjoseblog

Education

Abandoned youth center will turn into affordable housing for teachers

A blighted building in San Jose, previously used by the Mexican American Community Services Agency, is set to be demolished to make way for teacher housing.

The Alum Rock Union School District plans to build 78 homes on the 23-acre site, which has been vacant for over 10 years. [ more ]

www.mercurynews.com

East Bay (California)

Approaching Bay Area deadline a test case' for California's housing crisis

Local governments in the San Francisco Bay Area are required to turn their housing blueprints into law in order to address the state's housing shortage.

This is the first big deadline in a series of rolling regional deadlines, indicating the seriousness of the Newsom administration's housing goals. [ more ]

www.mercurynews.com

4 months ago

East Bay (California)

Housing projects supplant Bay Area offices, stores as tech boom fades

Developers in Silicon Valley are shifting their focus from office buildings to housing units due to the changing economy and a shortage of housing.

Remote work, high office vacancy rates, and low rents are also contributing to the shift in focus towards residential projects. [ more ]

www.independent.co.uk