Data from a 2015 study of Seattle housing shows demand for apartment is robust and likely to stay that way.
According to Roger Valdez of Smart Growth Seattle, trends toward apartment living are not a passing fad, or some anomalous feature of the recession. "In Seattle, and all over the country, people are not buying single-family homes in the numbers we’ve seen in previous decades. And younger households are staying rental units longer."
Valdez cites a 2015 market study from the O'Conner Group, that says, "We predict 60% of all new households in the Seattle-MD will be renters (in 2016)." The forecasts, which extend to 2022, predict that number will decreasing only two percent in the intervening period.
FULL STORY: REALITY CHECK: HIGH DEMAND FOR APARTMENTS IS THE NEW NORMAL
Depopulation Patterns Get Weird
A recent ranking of “declining” cities heavily features some of the most expensive cities in the country — including New York City and a half-dozen in the San Francisco Bay Area.
California Exodus: Population Drops Below 39 Million
Never mind the 40 million that demographers predicted the Golden State would reach by 2018. The state's population dipped below 39 million to 38.965 million last July, according to Census data released in March, the lowest since 2015.
Pennsylvania Mall Conversion Bill Passes House
If passed, the bill would promote the adaptive reuse of defunct commercial buildings.
Google Maps Introduces New Transit, EV Features
It will now be easier to find electric car charging stations and transit options.
Ohio Lawmakers Propose Incentivizing Housing Production
A proposed bill would take a carrot approach to stimulating housing production through a grant program that would reward cities that implement pro-housing policies.
Chicago Awarded $2M Reconnecting Communities Grant
Community advocates say the city’s plan may not do enough to reverse the negative impacts of a major expressway.
City of Costa Mesa
Licking County
Barrett Planning Group LLC
HUD's Office of Policy Development and Research
Mpact Transit + Community
HUD's Office of Policy Development and Research
City of Universal City TX
ULI Northwest Arkansas
Town of Zionsville
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