In cities with tight housing markets, policymakers have struggled to help lower-income residents afford homes. New research shows that just building new housing—even expensive housing—can quickly drive down housing costs across metro areas, including in low-income neighborhoods....More
Several affordable projects in the area are assembling apartments off-site and then simply locking them into place. If they’re successful, it could cut millions of dollars off construction costs and months off building timelines....More
Projects take longer. Collaboration is harder. And training new workers is a struggle. ‘This is not going to be sustainable.’...More
There’s been a lot reported about San Francisco residents fleeing the city, causing rents to plummet and SF home sales finally embracing transparent pricing. But when looking at data from online real estate platforms, most of the real estate searching is still happening within the metro area and throughout California....More
“Despite economic lockdowns and the health risks recently attributed to cities, Americans on the whole are maintaining an appetite for density. The share of all searches for higher-density cities has actually increased over the first two quarters of 2020.
…Some dense cities like New York and San Francisco do not appear to be at high risk of an urban exodus, while others like Chicago and Boston show more troubling signs…”...More
The tech industry is built on serendipity. If workers flee the Bay Area, what’s left?
It’s been a big week for subsidized housing in Berkeley. And it just got bigger.
On Thursday night, the city’s Zoning Adjustments Board unanimously approved a new project from Panoramic Interests for a 39-unit complex made from modular construction to house people who were formerly homeless....More
Anecdotes aside, there’s no data that people are fleeing cities to avoid the Coronavirus
The data show young, well-educated adults moving to urban centers everywhere, and no decline in interest in urban markets during the pandemic
As we’ve chronicled at City Observatory, there’s a welter of press accounts claiming that people are fleeing cities to escape the Coronavirus....More