article thumbnail

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

article thumbnail

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.

professionals

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

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.

Safety 98
article thumbnail

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.

article thumbnail

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.

article thumbnail

Business Facilities’ 15th Annual Rankings: State Rankings Report

Business Facilities

Tennessee is proud to be a right-to-work state with no personal income tax on wages. announced last month that it has selected Charlotte, NC as the future home of its new $153 million global technology center, creating more than 1,900 net new jobs in the city. Lowe’s Companies Inc. Ellison, Lowe’s president and CEO.

article thumbnail

Putting 9 senior living market trends into perspective

BD+C

For developers and operators of senior living communities, the upper-income part of the market has the most potential for financial success but also the most options. At The Terraces, the newest edition for independent living at Southminster, in south Charlotte, N.C., It’s important, but it’s not enough.