The explosive growth of the Dallas-Fort Worth metropolitan area in recent years has mostly gone toward rental housing, and now the area has one of the lowest homeownership rates in the country.
Steve Brown reports on what could be a surprising takeaway from the Census Bureau's recent Housing Vacancy Survey (HVS): "Dallas-Fort Worth is on its way to becoming a city of renters."
In fact, the Dallas-Fort Worth area ranks eighth among major U.S. cities with the lowest percentage of homeowners, reports Brown. That puts the North Texas city just behind San Francisco on the list. In San Francisco, 55.8 percent of residents own homes. In Dallas, 56.3 percent of residents own homes.
Even a slightly younger version of Dallas-Fort Worth stands in contrast to the current homeownership rate. According to Brown, "D-FW’s homeownership rate has fallen sharply since a peak of 65.2 percent in mid 2010."
In an earlier article, Brown noted that the Dallas-Fort Worth area outpaced the rest of the country in the growth of its apartment market, with about 30,000 rental units under construction.
The fourth quarter HVS was full of surprises from recession trends—including a quick jump in household growth.
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.
The California High-Speed Rail Project Illustrates America’s Transit Issues
Slow progress and a bloated budget have plagued the High-Speed Rail project linking San Francisco to Los Angeles, exposing deeper issues with American transit projects.
‘Mega-Landlords’ Threaten Housing Stability for Renters
As institutional investors buy up a larger share of single-family homes, the families renting them are increasingly vulnerable to rent increases and eviction.
Making the Case for E-Bikes
A new white paper lays the groundwork for better e-bike incentive programs.
How To Slow the Wave of Commercial Vacancies
Empty storefronts depress property values and suppress small business growth. What can cities do to fill these vacancies?
The Importance of Pocket Parks
The Los Angeles County Board of Supervisors just approved the development of a new pocket park in Walnut Park, one of the most park-poor communities in the county.
City of Redwood City
City of Rohnert Park
City of Hot Springs
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.