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The total number of short-term rentals of entire homes in the city’s five boroughs -- those listed on Airbnb Inc. and Expedia Group Inc.’s Vrbo -- is more than 13,000, according to third-party data tracker AirDNA. Meanwhile, rental inventory in Manhattan, Brooklyn and a portion of Queens hovers just over 7,500.
The vacancy rate in Manhattan sat at just over 1.5% last month, the second-lowest level on record, according to appraiser Miller Samuel Inc.
— Bloomberg
Adding to the all-too-familiar notion that short-term rentals have the ability to destroy the livability of a place in its entirety, new data from Douglas Elliman and AirDNA making the rounds today indicate a record-setting shift in the dynamics of urban life as the number of hosted retreats in... View full entry
Highly popular due to their location and vibrant amenities, urban neighborhoods around the country have seen a boom in new apartments in the last five years. In fact, the top 20 most active neighborhoods — led by Downtown Los Angeles — have delivered a staggering 80,000 brand new rental units. — RentCafe
Downtown Los Angeles’ 10,136 new dwellings were followed by a distant second Midtown Atlanta, which had 5,936, and the formerly working-class Hunters Point neighborhood in far western Queens, which trailed Atlanta by a few hundred at 5,423. Los Angeles is currently looking to add more than... View full entry
The latest building adaptation report from the American Institute of Architect (AIA) highlights steps that building owners and designers can take to retrofit existing multi-family homes for pandemic occupation. Following recently published guides for schools, offices, and hospitals, AIA has issued... View full entry
A new 443-unit apartment building designed by David Baker Architects (DBA) was recently completed in San Francisco, filling in a growing section of the city's Design District and South of Market neighborhoods. The dynamic apartment complex, known as 855 Brannan, sits on a 4.3-acre site and... View full entry
A new economic report from the United States Commerce Department indicates that housing construction has been massively impacted by the COVID-19-related economic crisis that is currently gripping the country. According to the department, the number of construction groundbreakings that... View full entry
Artists Sam Lavigne and Tega Brain and the Whitney Museum of American Art have collaborated to produce New York Apartment 2020, a mesmerizing website experience that "advertises a fictitious New York City apartment for sale that covers more than 300 million square feet and spans the five... View full entry
Foster + Partners has revealed their winning design for the Qianhai Talents' Apartments in Shenzhen, China. The co-living project is designed for "talents," which are young professionals who engage in a rigorous work-centered lifestyle away from their families. Operating as a dynamic... View full entry
U.S. homebuilding surged to a 13-year high in December as activity increased across the board, suggesting the housing market recovery was back on track amid low mortgage rates, and could help support the longest economic expansion on record.
Housing starts jumped 16.9% to a seasonally adjusted annual rate of 1.608 million units last month, the highest level since December 2006.
— CNBC
A report from CNBC highlights the rising fortunes of the American housing market, which saw homebuilding activities increase to record levels in December 2019. According to the report, the number of housing units started in 2019—1.290 million homes in total, including 916,000 single-family... View full entry
Across Los Angeles, architects and developers are embracing factory-built multi-family housing construction across a variety of projects. A selection of recently proposed and currently under construction efforts highlight the fact that while previously limited mostly to single-family projects... View full entry
A 6,000-unit residential development designed by Revery Architecture has been proposed by the Squamish First Nation for 12 acres of tribal lands located in the Vancouver area. Because the development is being proposed for land that falls solely under the jurisdiction of... View full entry
This year, Dallas-Fort Worth metro leads with a total of 22,196 new units expected to be built, which will prove beneficial considering the 131,800 new residents that the metro added between 2017 and 2018 (based on U.S. Census estimates). — RentCafe
Although the total number of apartments planned for 2019, roughly 300,000 units, is down from last year, construction for these types of projects has reached a record pace over the last decade not seen since the 1970s and 1980s. RentCafe reports that over 2.34 million apartment units have been... View full entry
San Diego approved new growth blueprints Thursday that allow for mid-rise housing and dense urban villages in neighborhoods near new trolley stops in Linda Vista and the northeast corner of Pacific Beach.
City Council members said the new zoning will simultaneously help solve San Diego’s housing crisis, reduce carbon emissions that cause climate change and revamp blighted areas where bicyclists and pedestrians face major challenges.
— The San Diego Union-Tribune
The YIMBY-inspired plan will more than quadruple the number of housing units allowed in areas surrounding a forthcoming $2 billion transit line slated to run through San Diego's northwest quadrant. Matt Adams, vice president of the local chapter of the Building Industry Association... View full entry
Oregon legislators took a historic leap toward greener, fairer, less expensive cities Sunday by passing the first law of its kind in the United States or Canada: A state-level legalization of so-called “missing middle” housing. — Sightline Institute
In a rare show of bipartisan cooperation, both of Oregon's legislative houses have voted to eliminate single-family zoning across the sate, legalizing so-called "missing middle" housing, including duplexes, triplexes, fourplexes, and row houses. If signed into law next month by Oregon... View full entry
Austin is planning to grow significantly over the next few years. 60,000 new units are planned for the city, to be complete in the next few years, according to KVUE. This month, the Austin City Council voted to support a new housing plan for the city that could bring up to 135,000 new... View full entry
A new housing project in Paris was recently redeveloped by the Brussels-based firm BOB361. The apartment complex, Orteaux, is part of a larger revitalization project for a Parisian neighborhood located near the Père Lachaise cemetery. Orteaux by BOB361, located in Paris. Image: BOB361. As... View full entry
