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As commercial and office real estate markets continue to be upended by societal shifts touched off by the COVID-19 pandemic, some economists are looking to these now under-utilized spaces as potential avenues for bringing additional housing supplies online in American cities. Previously on... View full entry
As part of a $2.5 billion funding commitment made by computer and electronics giant Apple to help fund additional affordable housing initiatives, the company has allocated $400 million toward a series of first-time homebuyer and affordable housing efforts. An announcement from Apple... View full entry
A recent monthly report from the United States Census Bureau indicates that residential construction is beginning to claw back toward typical levels following steep drops in construction and permitting activities during the first months of the COVID-19 pandemic. The report states that... View full entry
As the far-reaching impacts of the COVID-19 crisis continue to reverberate nationwide, California lawmakers are attempting to reorient the state's housing policies in an effort to continue making progress in addressing the housing crisis gripping the region. Previously on Archinect: "California's... View full entry
The U.S. House of Representatives passed the bipartisan "Yes In My Backyard" (YIMBY) Act this week, which aims to address the country’s affordable housing crisis by reducing barriers to increase housing production.
The bill, which calls for high-density single-family and multifamily zoning, is sponsored by Rep. Denny Heck, D-WA, and Rep. Trey Hollingsworth, R-IN.
— Smart Cities Dive
The bill, according to Smart Cities Dive, also calls for reducing minimum lot size; allowing manufactured homes in areas zoned for single-family residential dwellings; and allowing for duplexes in areas zoned mostly for single-family residential homes. View full entry
Rather than protecting communities and making it easy for homeowners to restructure bad mortgages or repair their credit after succumbing to predatory loans, the government facilitated the transfer of wealth from people to private-equity firms. — The New York Times
A compelling long-read from Francesca Mari in T Magazine highlights the incredible transformation taking place within single-family housing market, where large investment firms like Blackstone Group have created a new investment vehicle by turning detached homes into rental properties. ... View full entry
California lawmakers failed to pass high-profile legislation on Wednesday to dramatically increase homebuilding in the state [...]
Senate Bill 50, which would allow construction of mid-rise apartment complexes near transit and job centers and fourplexes in most single-family neighborhoods throughout California, was opposed by state senators who said the measure took too much power away from local governments and failed to sufficiently address low-income housing needs.
— The Los Angeles Times
The bill, which could increase residential densities for properties located near rapid transit, was defeated as nine Los Angeles-area state senators voted against the effort. The bill is part of California's so far hit-and-miss push to increase housing production in the state as housing... View full entry
The U.S. is at the beginning of a tidal wave of homes hitting the market on the scale of the housing bubble in the mid-2000s. This time it won’t be driven by overbuilding, easy credit or irrational exuberance, but by an inevitable fact of life: the passing of the baby boomer generation. — The Wall Street Journal
A report in The Wall Street Journal highlights the coming vacancy crisis set to impact America's retirement communities and exurbs as members of the Baby Boomer generation age out of independent living with fewer members of younger generations left—or willing—to take their... 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
About 450 houses have been sold so far at Riverstone and 73 at Tesoro Viejo, which already has a school (Hillside Elementary) plus a cafe and fire/sheriff’s substation in its fledgling “town center.” Together, these “master-planned communities” along with other proposed developments with names like Gunner Ranch West, North Shore at Millerton and TraVigne form what Madera County officials project will be a city of 120,000 people. — The Fresno Bee
California's urban housing crisis, fueled by lackluster housing production in the state's population centers, is fueling sprawl that is eating up wilderness and agricultural land around cities like Fresno. Madera County supervisor Brett Frazier told The Fresno Bee, “The assumption was this... View full entry
Cities and counties in Southern California will have to plan for the construction of 1.3 million new homes in the next decade, a figure more than three times what local governments had proposed over the same period, according to a letter released by state housing officials Thursday. — The Los Angeles Times
Previously, the Southern California Association of Governments (SCAG), a public agency that pursues regional planning efforts for Ventura, Los Angeles, Orange, Riverside, San Bernardino, and Imperial counties, proposed zoning changes that would make room for just 430,000 new residences... View full entry
California communities are approving residential building permits at a slower rate than they did last year, a sign Gov. Gavin Newsom faces an even bigger hurdle to reach his housing goals than when he took office in January.
In the first five months of 2019, cities and counties issued permits for an average of 111,000 residential building units per year, according to data released Friday by the California Department of Finance.
That’s a decrease of 12.2 percent from the same period in 2018.
— The Sacramento Bee
The news is mostly bad for California governor Gavin Newsom's plan to build 3.5 million new housing units by 2025, as high land costs, a labor shortage, the effects of President Trump's tax cuts, and virulent NIMBYism threaten to stamp out regulatory reforms enacted over recent years. ... View full entry
2020 Democratic presidential candidate Elizabeth Warren has unveiled a modest affordable housing plan that would work to improve existing development mechanisms in an effort to increase the supply of affordable housing across the country. Arguing that "government at all levels hasn’t done... View full entry
...one issue stands out as particularly urgent and complex: housing. The lack of new supply, combined with the rising cost of living, has resulted in a severe shortage of affordable housing options for long-time middle and low income residents. As Google grows throughout the Bay Area—whether it’s in our home town of Mountain View, in San Francisco, or in our future developments in San Jose and Sunnyvale—we’ve invested in developing housing that meets the needs of these communities. — Google
Last week, Google CEO Sundar Pichai announced the company's pledge to invest in the development of affordable housing across the Bay Area. With the multi-billion dollar tech company calling the San Francisco Bay Area home with its beginnings starting over 20 years ago, Google is aware of its... 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
