After dropping to a three-year low, U.S. rent costs grew in many major cities.
Average U.S. rents rose between December and January after six months of decreases, driven in part by strong demand and low supply in some cities.
According to an article by Mary Salmonsen in Smart Cities Dive, “Metros in the Northwest and Midwest are still leading the nation in rent growth, and New York City remains at the top with 5.4% growth YOY. Austin still had the sharpest YOY rent decline at -5.4%, followed by Raleigh at -3.5%.” National rents recently hit a three-year low, but remain unaffordable for many households. Austin, which bucks the trend, has seen a decline in rent costs for 19 straight months, thanks in part to the city’s recent zoning reform efforts that encouraged a building boom.
Salmonsen adds, “High mortgage rates and a low supply of for-sale homes on the market are also contributing to apartment retention rates. However, these same high interest rates may continue to pose challenges for property transactions in the next year.”
FULL STORY: After 6 months of decline, average rents rise again
Where Are Rents Growing Fastest?
The Washington, D.C. region saw the nation’s fastest rent growth in the last year.
California’s New Housing Laws: What You Need to Know
The state legislature passed dozens of new laws aimed at improving housing affordability and streamlining the development process to meet rising demand.
Housing Top of Mind for Nevada Voters
The Silver State is the nation’s most unaffordable housing market for extremely low-income households.
National Parks Layoffs Will Cause Communities to Lose Billions
Thousands of essential park workers were laid off this week, just before the busy spring break season.
Retro-silient?: America’s First “Eco-burb,” The Woodlands Turns 50
A master-planned community north of Houston offers lessons on green infrastructure and resilient design, but falls short of its founder’s lofty affordability and walkability goals.
Delivering for America Plan Will Downgrade Mail Service in at Least 49.5 Percent of Zip Codes
Republican and Democrat lawmakers criticize the plan for its disproportionate negative impact on rural communities.
Test News Post 1
This is a summary
Test News Headline 46
Test for the image on the front page.
Balancing Bombs and Butterflies: How the National Guard Protects a Rare Species
The National Guard at Fort Indiantown Gap uses GIS technology and land management strategies to balance military training with conservation efforts, ensuring the survival of the rare eastern regal fritillary butterfly.
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.
EMC Planning Group, Inc.
Planetizen
Planetizen
Mpact (formerly Rail~Volution)
Great Falls Development Authority, Inc.
HUDs Office of Policy Development and Research
NYU Wagner Graduate School of Public Service