Even as rents continue to rise nationally, some of the most expensive cities like San Jose, San Francisco, and New York have seen rents fall this year.

Have rents in the most expensive cities in the country finally found their ceiling? An article by Laura Kusisto in the Wall Street Journal reports that at least this year, average rents are declining in San Jose, San Francisco, and New York. "Rents in San Francisco declined 3%, while they fell about 1% in New York and edged lower in Houston and San Jose, Calif., the first drops in those markets since 2010, according to apartment tracker MPF Research. Across the U.S., rent growth was 4.1% on average."
While this report is good news for renters, many believe the days of these cities' sky high rents are coming to a middle. Kusisto says this change in rents will affect new construction. "Few large urban developers have said they are canceling projects in the pipeline, but permits for new projects are down. A slowdown in new construction could help stabilize the market by 2018 or 2019."
FULL STORY: Some Big U.S. Cities See Apartment Rents Fall for First Time in Years

Trump Administration Could Effectively End Housing Voucher Program
Federal officials are eyeing major cuts to the Section 8 program that helps millions of low-income households pay rent.

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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California has awarded $500 million to fund 1,000 zero-emission school buses and chargers for educational agencies as part of its effort to reduce pollution, improve student health, and accelerate the transition to clean transportation.

Congress Moves to End Reconnecting Communities and Related Grants
The House Transportation and Infrastructure Committee moved to rescind funding for the Neighborhood Equity and Access program, which funds highway removals, freeway caps, transit projects, pedestrian infrastructure, and more.

From Throughway to Public Space: Taking Back the American Street
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