A new report from Zillow shows evidence of a deepening crisis in the rental housing market.
"Americans living in rentals spent almost a third of their incomes on housing in the second quarter, the highest share in recent history," reports Prashant Gopal.
"Rental affordability has steadily worsened, according to a new report from Zillow, which tracked data going back to 1979. A renter making the median income in the U.S. spent 30.2 percent of her income on a median-priced apartment in the second quarter, compared with 29.5 percent a year earlier. The long-term average, from 1985 to 1999, was 24.4 percent."
The article includes more details on the findings of the report, such as affordability for specific cities, as well as a comparison to the homeownership market.
Read the full story: Renting in America Has Never Been This Expensive
HUD Updates Fair Market Rate Definition
The U.S. Department of Housing and Urban Development announced two actions last week intended to expand the reach of federal housing voucher programs.
Taking the ADU Model to the Next Level
How can we get more accessory dwelling units built, keep them affordable, and make them a force for increasing racial equity?
Opinion: Los Angeles Needs More Housing, Fast
The shortage of housing at all price points in the region is the main driver of high costs and the growing homelessness crisis.
Planetizen Federal Action Tracker
A weekly monitor of how Trump’s orders and actions are impacting planners and planning in America.
Amtrak, CN end decades-long dispute with eight-year agreement
The new operating agreement establishes an updated framework for the companies to work together, including processes to resolve disputes.
Judges permit Denver to divert 77,000 acre feet from the Colorado River for reservoir expansion
Overuse and climate change have caused the Colorado River’s water levels to plummet.
Maryland local governments examine if they should have more power to raise property taxes
Maryland’s housing market is out of reach for the majority of moderate-income residents.
Northwest rail fans eager for Sept. 30 debut of Amtrak’s Airo fleet
Get ready for that new train smell and more seats. But they won’t go faster or run more frequently on the Cascades route in Washington and Oregon.
NYC DOT wants faster, more permanent street upgrades
The city is examining ways to build more concrete infrastructure without getting entangled in 'decades-long' projects.
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.
Harvard University Graduate School of Design
KFH Group Inc.
Greater Baltimore Committee
The Architects Foundation
University of Cincinnati Online
The Pocatello Development Authority
The Urban Renewal Agency of the City of Pocatello