In Rapidly Growing Counties, Rigorous Regulation Intensifies Rising Rents
On their own, rents tend to rise more quickly in communities with the most restrictive local land-use regulations. Add rapid population growth to the mix in those same communities and the problem only gets worse.
Continued deterioration in U.S. housing affordability – particularly at the low end of the market and for renters – is bringing to light a number of problems around income growth and social mobility that may have big implications for all Americans going forward.
Social Mobility May Suffer as Income Growth Fails to Keep Pace With Rising Housing Costs
The United States has long cherished its hard-earned reputation as the land of opportunity. But for millions working to ensure their children can move up the socio-economic ladder, rapidly rising housing costs are threatening instead to kick the ladder out from underneath them, limiting their potential social mobility.
How Land-Use Regulation Impacts Inventory, Rents and Roommates
In many American cities, more means more – and not in a particularly good way. Tighter land-use regulation in these cities is associated with more rapidly rising rents, more acute shortages of homes for sale and more adults living with roommates in the face of rising housing costs and fewer housing options.
South Lake Union’s Tech Boom a Small Part of Seattle’s Rising Rents
Seattle’s South Lake Union neighborhood has become synonymous with the city’s rapidly evolving economic and social landscape. The neighborhood has attracted major employers, and cranes crowd the skyline of the former industrial district wedged between the city’s downtown and iconic Space Needle.
Making It Work in the Mile-High City: Denver’s Rapidly Growing – and Changing – Job Market
Denver today is one of America’s fastest-growing and hottest markets, a far cry from the largely rough-and-tumble and relatively slow-moving mountain metro it was even 15 years ago. And as the city has changed, so too has its job market.
Can Denver Absorb a Coming Flood of Multifamily Housing?
In 2010, a majority of Denver households were homeowners. By 2014, a slim majority of Denver households were renters. This shift did not go unnoticed by Denver-area builders, with permits for multifamily properties hitting decade-long highs in recent years even as single-family home permitting activity remained stalled at a fraction of pre-recession levels.
Growth and Growing Pains in Denver: Migration, Millennials, Retirees and Renters
The pace of population growth in the city of Denver is suitably Rocky Mountain high, boasting a trajectory over the past decade that is both uniform and enviable. But a deeper look at Denver’s recent growth trends reveals a number of seeming contradictions in one of America’s fastest-growing cities.
Hunger Games: Builders Keep Serving Up More Apartments, Renters Keep Scarfing Them Down
Renters currently have an insatiable appetite for newly constructed units, quickly gobbling up record numbers of recently opened new apartments.
Q4 2015 Breakeven Horizon: Buying a Home Pays Off for Most – But Not All – After Just Two Years
A longstanding combination of healthy home value growth and low mortgage interest rates, combined with robust growth in rents, is helping to keep the buy vs. rent equation tilted heavily towards buying in most areas for those planning on staying in their homes for longer than just a few years.
