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As Rental Costs Rise and Wage Growth Slows, Housing Affordability Worsens

Pro Builder

have been squeezed by fast-rising rental costs paired with near-stagnant income growth, and as a result, two full-time workers earning minimum wage can comfortably afford a typical two-bedroom rental in just 10 of the 50 largest U.S. In San Francisco, home to the highest one-bedroom rents in the country, an hourly income of $49.01

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These St. Louis Lawyers Created a Replicable Model for Neighborhood Renewal

Pro Builder

Their work has revitalized neighborhoods in Atlanta, Charlotte, Newark, Baltimore, Santa Fe, N.M., Here’s how the program works: The New Markets Tax Credits program is designed to attract investors to distressed areas by offering them a 39 percent income-tax break over seven years.

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The impacts of affordability, remote work, and personal safety on urban life

BD+C

Our respondents come from cities in four global regions: North America (Atlanta, Austin, Charlotte, Chicago, Dallas, Denver, Los Angeles, Miami, New York, San Diego, San Francisco, Seattle, Toronto, and Washington, D.C.), Income level creates the most variation in agreement for this statement.

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2020 Aurora Awards Winners: Multifamily, and Project of the Year

Pro Builder

Developer: Crescent Communities , Charlotte, N.C. NOVEL Atherton adds a significant amount of new rental apartment units and retail space to Charlotte's historic South End neighborhood. The historic South End neighborhood of Charlotte, N.C., Architect: Dwell Design Studios , Atlanta. . Photo: courtesy Thomas K.

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Single-Family Rental Prices Jump at the End of 2021

Pro Builder

The John Burns Real Estate Consulting Single-Family Rent Index (BSFRI) shows double-digit rent growth in metro areas like Phoenix, Las Vegas, Charlotte, and Atlanta. Virtually no change in the ratio of tenant/applicant incomes, which indicate strong wage growth. In aggregate the SFR REITs reported in 3Q21: 98% same-home occupancy.

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Housing Market Pushes Buyers to Rentals, Intensifying Demand

Pro Builder

Meanwhile Boston saw only a 5% gain, while rent applications rose 8% in Charlotte, North Carolina, and 9% in Portland, Oregon. Strong job and income growth, as well as fierce competition for for-sale housing, is fueling demand for single-family rentals,” Molly Boesel, principal economist at CoreLogic, said in a release.

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AUTOMATIC SECURITY VALVE | Plumbing content from Contractor.

Contractor Magazine

It prevents flooding via control of the incoming water supply. Charlotte Pipe. Charlotte Pipe and Foundry has been manufacturing pipe and fittings since 1901. A tried and true industry leader, Charlotte Pipe has proven that it can withstand the test of time. Advertisement. ); //. Click here to see our story.