The Urban Institute takes a detailed look at San Francisco's real estate market, where most home sales top $1 million, revealing that old units are far more likely to attract top dollar.

"New evidence from [Urban Institute's] data scientists, using data from the city’s Housing Inventory and Office of the Assessor-Recorder, contradicts the claim that a rise in million-dollar homes is primarily because of new construction," according to an article by Graham McDonald.
The key finding at the center of the argument: "In 2016, at the height of the million-dollar home market of the past eight years, only 10 percent of home sales worth a million dollars or more were located in new complexes."
The idea that renovated units could also be responsible for the city's high housing costs is also debunked by the data, according to Graham. "San Francisco’s building permit data show that just 2 percent of units spent at least $250,000 on a renovation or new construction project of less than 10 units, while new construction in buildings of 10 units or more represented 4 percent of the city’s units."
The conclusion to Graham is clear: primary factor driving the cost of housing in San Francisco "is that the demand for housing in the region has outstripped new supply."
FULL STORY: Luxury housing is not to blame for San Francisco’s affordable housing crisis

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.

Canada vs. Kamala: Whose Liberal Housing Platform Comes Out on Top?
As Canada votes for a new Prime Minister, what can America learn from the leading liberal candidate of its neighbor to the north?

Washington State’s Parking Reform Law Could Unlock ‘Countless’ Acres for New Housing
A law that limits how much parking cities can require for residential amd commercial developments could lead to a construction boom.

Wildlife Rebounds After the Eaton Fire
Following the devastation of the Eaton Fire, the return of wildlife and the regrowth of native plants are offering powerful signs of resilience and renewal.

LA to Replace Inglewood Light Rail Project With Bus Shuttles
LA Metro says the change is in response to community engagement and that the new design will be ready before the 2028 Olympic Games.
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