The Boston region has achieved a jobs-housing imbalance only bested by the San Francisco Bay Area since the Great Recession.
"By historical standards, Greater Boston has added a lot of housing in the last few years. But it is adding even more jobs. And that’s a key reason why living here keeps getting more expensive," reports Tim Logan.
The results of a new research from the real estate website Apartment List, "which found that since 2008 the region has added 2½ times as many jobs as it has housing units," according to Logan. Only the San Francisco Bay Area has achieved a greater imbalance during that time.
"Since the 2008 recession, Greater Boston’s economy has added about 275,000 jobs, many of them in well-paid industries like technology and life sciences. At the same time, it has added 108,000 apartments and condos, mostly in Boston and a handful of nearby municipalities," adds Logan for more details.
FULL STORY: Boston-area housing gains lag job growth, report says
New Market-Rate Housing Lowers Rents for Everyone, According to New Research
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Lack of Multi-Family Zones Contributes to Nashville’s High Housing Costs, Study Says
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Planetizen Federal Action Tracker
A weekly monitor of how Trump’s orders and actions are impacting planners and planning in America.
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LA to Replace Inglewood Light Rail Project With Bus Shuttles
LA Metro says the change is in response to community engagement and that the new design will be ready before the 2028 Olympic Games.
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