According to this report, the trends point to a "less diverse, older, higher-income" crop of homebuyers as low production locks out the young and many people of color.
Research conducted by U.C. Berkeley's Terner Center for Housing Innovation "concludes that, increasingly, homebuying is becoming a privilege within the purview of only a few wealthy classes of Americans," Adam Brinklow writes.
Although that trend is most pronounced in the Bay Area and other coastal urban markets, "home prices are up more than 25 percent nationwide after inflation compared to 2000, with housing significantly less affordable in almost every major metro area."
Notably, the housing crisis is taking its toll on young and black homebuyers. "The rate of new homebuyers who are black declined from 8.5 percent in 2000 to 6.6 percent 16 years later. And the number of homebuyers under 35 crashed from 36 percent to 31.6 percent."
The report suggests that changes to the supply side of the housing equation could do much to boost ownership among younger and lower-income buyers.
FULL STORY: Young and black communities can’t afford homes because cities won’t build enough
Housing Affordability Crisis Spreading to More Cities
Cities like Spokane, Washington courted new residents and businesses during the pandemic. Now, they're starting to wonder if it was worth it.
Homeownership an Uphill Battle for Black New Yorkers
Black home buyers face an array of challenges when trying to buy homes, leading to a widening gap between Black and white homeowners.
How Housing Fared in 2019
Next City's Jared Brey reviews a year of developments in housing politics and policy, teasing out several big trends.
Planning for Congestion Relief
The third and final installment of Planetizen's examination of the role of the planning profession in both perpetuating and solving traffic congestion.
Car Noise Is Killing Us
It’s not just traffic collisions that kill—a new study from researcher at Rutgers finds that the loud noises emanating from cars has direct impact on heart health in Americans.
Acceptable Deaths
What can we learn from our Covid response?
New White House Housing Initiative Includes Zoning Reform Incentives
The Biden administration this morning released a new program of actions intended to spur housing construction around the United States.
Fare-Free Transit Hasn’t Reduced Car Trips, Data Says
Fare-free transit isn’t the climate change benefit that many have hoped, according to recent writing by David Zipper for Bloomberg.
Redevelopment Threatens Iconic, Affordable Chicago Homes
The ‘workers’ cottages’ are being replaced with larger, more expensive homes, threatening one of the city’s original forms of affordable housing.
City of Malibu
EMC Planning Group Inc.
Jefferson Parish
HUD's Office of Policy Development and Research
HUD's Office of Policy Development and Research
Harvard GSD Executive Education
City of Rohnert Park
City of Hot Springs
City of Lakeway, Texas
Urban Design for Planners 1: Software Tools
This six-course series explores essential urban design concepts using open source software and equips planners with the tools they need to participate fully in the urban design process.
Hand Drawing Master Plans
This course aims to provide an introduction into Urban Design Sketching focused on how to hand draw master plans using a mix of colored markers.
