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.
FULL STORY: D-FW has one of the country’s lowest homeownership rates
As Home Prices Rise, So Does the Number of Renters
The intense competition in today's housing market means more people might have to settle for rental housing.
Urban For-Sale Markets Keeping Pace With the Suburbs, With Two Key Exceptions
Everywhere but San Francisco and New York City, urban housing markets are just as hot for sellers as suburban markets, according to data released recently by Zillow.
Few Homeowners in Forbearance in April; Number Expected to Grow
The Mortgage Bankers Association surveyed the U.S. home mortgage servicing market for indications about how the nation's 26.9 million home loans were holding up during the first weeks of the pandemic.
Planetizen Federal Action Tracker
A weekly monitor of how Trump’s orders and actions are impacting planners and planning in America.
Chicago’s Ghost Rails
Just beneath the surface of the modern city lie the remnants of its expansive early 20th-century streetcar system.
Amtrak Cutting Jobs, Funding to High-Speed Rail
The agency plans to cut 10 percent of its workforce and has confirmed it will not fund new high-speed rail projects.
Ohio Forces Data Centers to Prepay for Power
Utilities are calling on states to hold data center operators responsible for new energy demands to prevent leaving consumers on the hook for their bills.
MARTA CEO Steps Down Amid Citizenship Concerns
MARTA’s board announced Thursday that its chief, who is from Canada, is resigning due to questions about his immigration status.
Silicon Valley ‘Bike Superhighway’ Awarded $14M State Grant
A Caltrans grant brings the 10-mile Central Bikeway project connecting Santa Clara and East San Jose closer to fruition.
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.
Caltrans
City of Fort Worth
Mpact (founded as Rail~Volution)
City of Camden Redevelopment Agency
City of Astoria
City of Portland
City of Laramie