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With affordable homes already in short supply around the U.S., house-hunters this spring faced another challenge: surging prices. Median home prices in the second quarter surged to a record high $266,000 for single family-homes and condos, according to a recent report from property research firm ATTOM Data Solutions. That's up 6% from about $250,000 a year ago. — CBS News
"U.S. homeowners who sold in the second quarter of 2019 realized an average home price gain since purchase of $67,500, up from an average gain of $57,706 in Q1 2019 and up from an average gain of $60,100 in Q2 2018," states the July ATTOM report. The locations with the highest average home seller... View full entry
Segregated play spaces are to be banned in all future London housing developments, the Greater London Authority (GLA) has revealed this week.
The policy, part of the London Plan for developers and local authorities across the city, follows outrage across the political spectrum at the case of the Lilian Baylis estate in Kennington. [...] families living in the social housing side of the estate were not allowed to use the play area or any communal spaces on the development.
— The Guardian
"It is disgraceful that children who live in the same development would ever be prevented from playing together," London Mayor Sadiq Khan told The Guardian. The case of the segregated play areas at this London housing development (and several others) — only children from Lilian Baylis... View full entry
Authorities in San Francisco are making moves to bring a $600 million affordable housing bond to voters later this year. The bond, according a recent press release, would allow the city to "fund the creation, preservation, and rehabilitation of affordable housing in San Francisco." City officials... View full entry
Challenging conditions in the U.S. housing market, along with tighter currency controls by the Chinese government, caused a stunning drop in foreign demand for American homes.
The dollar volume of homes purchased by foreign buyers from April 2018 through March 2019 dropped 36% from the previous year, according to the National Association of Realtors.
— CNBC
NAR’s Profile of International Transactions in U.S. Residential Real Estate 2019 survey reports that "for the seventh consecutive year, China exceeded all other countries in terms of dollar volume of purchases, buying an estimated $13.4 billion worth of residential property, a 56% decline from... View full entry
Some have speculated it could be the solution to the country’s affordable housing crisis by providing a quick infusion of lower-priced homes in areas starved for housing inventory. Some affordable housing experts, however, caution that the technology is not a panacea. — Politico Magazine
We've all seen videos of a giant robotic arm assembling layers of material which would later turn into a completed home 12-24 hours later. Some companies are imagining how this type of technology could impact homelessness and affordable housing. Although 3D-printed homes are a favorable... View full entry
The overall size of new homes peaked in 2016 for this cycle and for the last three years has continued to moderate, according to new survey results from the American Institute of Architects (AIA).
The Home Design Trends Survey for the second quarter of 2019—focusing on home and property design—also found that homeowners continue to place a priority on accessibility features.
— AIA
"With home sizes plateauing and lot sizes continuing to decline, it isn’t shocking to see where that additional focus is going," commented AIA Chief Economist Kermit Baker, PhD, Hon. AIA. "Homeowners want more flexibility in their space, both inside and outside the house, and they want to use... View full entry
In case you haven't checked out Archinect's Pinterest boards in a while, we have compiled ten recently pinned images from outstanding projects on various Archinect Firm and People profiles. (Tip: use the handy FOLLOW feature to easily keep up-to-date with all your favorite Archinect profiles!)... View full entry
It’s official: After years of debate, heated public hearings, and lawsuits, the City Council has voted to approve the redevelopment of the Elizabeth Street Garden into low-income housing for seniors.
The Council’s vote was unanimous, save for one abstention from councilmember Rafael Espinal, who objected to the loss of a community garden for housing.
— Curbed NY
The Elizabeth Street Garden redevelopment in Manhattan's Little Italy neighborhood has been especially contested since one beloved green space was supposed to make way not for the usual luxury condo towers but for badly needed affordable housing designed for low-income seniors with support from... 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
All over town, buildings sit empty, somehow unused despite a fierce shortage of housing and a long-running development boom that has transformed long-quiet patches of the city into hot property. [...]
Some are better kept than others. Some have more prestigious addresses. But each is a puzzle unto its own.
— Boston Globe
Boston Globe reporter Tim Logan investigates the factors behind Boston's many vacant buildings — despite a booming real estate market. "Even crumbling and empty buildings serve a purpose in a new Boston where so much is shiny and fresh," writes Logan. View full entry
The Berlin activists who staged a protest at a vacant government building didn’t imagine they’d end up leading a €140 million redevelopment project. — Places Journal
During the 1960s, the Haus der Statistik was built for the national statistics office for East Germany. The massive complex spreads over eight blocks at half a million square feet, comprising three connected mid-rises and some smaller buildings. As years passed, the Haus der Statistik's history... View full entry
When Los Angeles Mayor Eric Garcetti took office in 2013, the city was home to 22,993 homeless residents [...].
The number of unhoused people living within city limits now stands at 36,300—and 75 percent are unsheltered.
With homelessness up 58 percent on his watch, the mayor struck an apologetic tone in a letter sent to residents Tuesday.
— Curbed LA
"As your mayor, I take full responsibility for our response to this crisis," wrote Los Angeles Mayor Eric Garcetti in an open letter this week. "And like everyone who has seen families in tents or spoken to a homeless veteran in need, I am both heartbroken and impatient. While we have housed more... View full entry
The co-living startup Starcity plans to build an 800-unit, 18-story “dorm for adults” to help affordably house Silicon Valley’s booming workforce. Dishotsky, the co-founder/CEO of the co-housing start-up Starcity, is now working to fill America’s housing-strapped cities with a scaled-up version of his childhood idyll. — CityLab
Said to be the an 18-story "dorm for adults" the co-living startup Starcity aims to "redefining the meaning of home." The co-founder and CEO Jon Dishotsky is an advocate for co-living due to his upbringing in suburban Palo Alto. If asked about his upbringing, Dishotsky will share the story of... View full entry
Finland is the only EU country where homelessness is falling. Its secret? Giving people homes as soon as they need them – unconditionally [...]
“We had to get rid of the night shelters and short-term hostels we still had back then. They had a very long history in Finland, and everyone could see they were not getting people out of homelessness. We decided to reverse the assumptions.”
— The Guardian
Meanwhile in the U.S., major cities that have seen an influx of new wealth, such as San Francisco, Seattle, and Los Angeles, continue to struggle in their fights against extreme poverty and homelessness despite allocating increased funding. View full entry
Mayor London Breed’s proposed budget for the coming fiscal year will soar by $1.2 billion — making it the largest in city history — and boost investment in tackling the city’s most urgent problems: housing and homelessness. — SF Chronicle
The housing and homelessness crisis in major cities, especially in San Francisco, has been an ongoing issue. Mayor London Breed met with city officials and San Francisco residents to address new plans to address solutions towards the increased initiative towards housing and homelessness. With an... View full entry
