The pace of rent growth is slowing, but U.S. renters still face growing housing costs in most metro areas.
Rent costs across the country continue to go up, reports Mary Salmonsen in Smart Cities Dive. “The national average rent rose for the second time in a row this year, up $5 to $1,709 from March to April, according to the latest Matrix Multifamily National Report by Yardi Matrix.”
Rents rose in most major cities except for Phoenix and Las Vegas. The largest year-over-year increases were in Indianapolis (7.7 percent), Kansas City, Missouri (6.4 percent), and New York City (6.2 percent).
“While gateway cities aren’t leading the pack in YOY rent growth, New York City and Boston make up two parts of a three-way tie for month-over-month rent growth at 0.9%, along with Raleigh, North Carolina.” Occupancy remains high, at 95 percent.
FULL STORY: Rents continue rising, with moderate growth expected through 2023
Rents Rose Between December and January
After dropping to a three-year low, U.S. rent costs grew in many major cities.
Report: DC Needs ‘Immense’ Funding Increase to Address Housing Crisis
Close to 60,000 District households can’t afford their housing costs, according to research from the Urban Institute.
Oklahoma has Over 200,000 Vacant Homes. None are Affordable to Low-income Families.
The state faces a shortage of over 80,000 rental units for extremely low-income households while hundreds of thousands of vacant units face financial or legal barriers to restoration.
Planetizen Federal Action Tracker
A weekly monitor of how Trump’s orders and actions are impacting planners and planning in America.
The state-sanctioned urbicide of Austin
People don’t kill cities. Freeways do.
US to reduce Colorado River water deliveries to Mexico
A new Colorado Treaty amendment reduces Mexico’s Colorado River water allocation by 250,000 acre feet.
5 New England states march closer to 800 megawatt wind energy project
Securing federal approval for the project may be complicated under the Trump administration, which has historically been hostile towards domestic wind power.
Baltimore to break ground on $50 million Transit Priority Project
The project will bring faster bus trips, safer streets and better bike connections to Baltimore.
Airbnb launches $250 million 'last-dollar financing' housing accelerator, makes first investment in Austin
The company will put $6.4 million towards affordable housing development in Texas’ capital.
FREE Course: Walkable City 1: Why Walkability?
After describing his path towards focusing on walkability as the essence of good planning, Jeff Speck marches through his five principal reasons for making more walkable places.
Reinventing Malls: Planning Alchemy—Turning Gray Fields Into Gold
The course focuses on the opportunities and imperatives that shape reinvention of mall sites.
Eagle County Government
Harvard University Graduate School of Design
Nashville Planning Department
The Architects Foundation
University of Cincinnati Online
The Pocatello Development Authority
The Urban Renewal Agency of the City of Pocatello
Journal of the American Planning Association