After dropping to a three-year low, U.S. rent costs grew in many major cities.
Average U.S. rents rose between December and January after six months of decreases, driven in part by strong demand and low supply in some cities.
According to an article by Mary Salmonsen in Smart Cities Dive, “Metros in the Northwest and Midwest are still leading the nation in rent growth, and New York City remains at the top with 5.4% growth YOY. Austin still had the sharpest YOY rent decline at -5.4%, followed by Raleigh at -3.5%.” National rents recently hit a three-year low, but remain unaffordable for many households. Austin, which bucks the trend, has seen a decline in rent costs for 19 straight months, thanks in part to the city’s recent zoning reform efforts that encouraged a building boom.
Salmonsen adds, “High mortgage rates and a low supply of for-sale homes on the market are also contributing to apartment retention rates. However, these same high interest rates may continue to pose challenges for property transactions in the next year.”
FULL STORY: After 6 months of decline, average rents rise again
Where Are Rents Growing Fastest?
The Washington, D.C. region saw the nation’s fastest rent growth in the last year.
California’s New Housing Laws: What You Need to Know
The state legislature passed dozens of new laws aimed at improving housing affordability and streamlining the development process to meet rising demand.
Housing Top of Mind for Nevada Voters
The Silver State is the nation’s most unaffordable housing market for extremely low-income households.
Trump Administration Could Effectively End Housing Voucher Program
Federal officials are eyeing major cuts to the Section 8 program that helps millions of low-income households pay rent.
Planetizen Federal Action Tracker
A weekly monitor of how Trump’s orders and actions are impacting planners and planning in America.
Ken Jennings Launches Transit Web Series
The Jeopardy champ wants you to ride public transit.
Driving Equity and Clean Air: California Invests in Greener School Transportation
California has awarded $500 million to fund 1,000 zero-emission school buses and chargers for educational agencies as part of its effort to reduce pollution, improve student health, and accelerate the transition to clean transportation.
Congress Moves to End Reconnecting Communities and Related Grants
The House Transportation and Infrastructure Committee moved to rescind funding for the Neighborhood Equity and Access program, which funds highway removals, freeway caps, transit projects, pedestrian infrastructure, and more.
From Throughway to Public Space: Taking Back the American Street
How the Covid-19 pandemic taught us new ways to reclaim city streets from cars.
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.
Planning for Universal Design
Learn the tools for implementing Universal Design in planning regulations.
Heyer Gruel & Associates PA
Ada County Highway District
Institute for Housing and Urban Development Studies (IHS)
City of Grandview
Harvard GSD Executive Education
Toledo-Lucas County Plan Commissions
Salt Lake City
NYU Wagner Graduate School of Public Service