Growing material and labor costs and high interest rates are dramatically slowing the new multifamily projects.
The number of new apartments that will be completed in 2025 will be 54 percent lower than last year, according to an Axios article by Meira Gebel and Sami Sparber. “That is considerably less than other metros of its size — like San Antonio (8,100) and Salt Lake City (6,500) — but reflects a broader national slowdown trend.”
As the article explains, “Higher building costs, higher interest rates and a surplus of supply in some markets have made developers cautious to start new projects.” A June report from Harvard's Joint Center for Housing Studies noted that the boom in apartment construction is ending.
FULL STORY: Portland sees 54% drop in new apartment construction
Controversial Texas housing law has 'directly facilitated' over 1,250 new homes
SB 840 allows developers to build multifamily housing by-right on lots zoned for commercial use without applying to a zoning change.
Portland approved a record number of homes last year — but far fewer got built
The bulk of new permits are part of large projects that may never actually get built.
Portland approves expedited permitting for multifamily housing on the Eastside
A city council resolution requires staff to prepare a plan for speeding up rezoning for multifamily projects.
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