article thumbnail

Rents Keep Rising in U.S. Metros, Pushing Affordability Out of Reach for Millions

Pro Builder

Metros, Pushing Affordability Out of Reach for Millions. Housing costs make up a third of the U.S. While increasing mortgage rates could potentially cool the housing market, rental prices will not be directly affected. The pandemic has exacerbated inequalities in many parts of life, and housing is no different.

Metro 98
article thumbnail

U.S. Metros Are Making Their Post-Pandemic Recoveries, and Rents Are on the Rise

Pro Builder

Metros Are Making Their Post-Pandemic Recoveries, and Rents Are on the Rise. Some New York renters who signed their leases at the start of the pandemic reported 30% to 40% price increases at the end of 2021, but not all rental markets are making equally strong recoveries, The New York Times reports. Mon, 02/07/2022 - 10:45.

Metro 52
professionals

Sign Up for our Newsletter

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

article thumbnail

As the Vacancy Rate Rises, Rents Are Poised to Fall

Pro Builder

The Cincinnati metro, where the median apartment cost $1,218, saw the sharpest price gain in April, with rents up 9.9% And in Las Vegas, the median lease was 5.7% Read more Build to Rent Affordability Housing Markets Affordability and 8.9%, respectively. compared with a year ago. Riverside, CA, saw rents fall 10.9%

article thumbnail

How One Airbnb Host Is Working to Resolve a Rental Affordability Crisis

Pro Builder

Now, she houses tenants with long-term leases in her 296-square-foot “tiny house” in Atlanta. The housing crisis Ms. Price witnessed in Atlanta is playing out across the nation. The United States is short about 6.5 million single-family homes, according to the National Association of Realtors.

Atlanta 52
article thumbnail

Single-Family Rental Prices Jump at the End of 2021

Pro Builder

As sellers take the upper hand in a competitive housing market, landlords are also set to end the year on a high note thanks to a steady increase in new lease effective rents during the final months of 2021. Record-high 18% same-home new lease rent growth. In aggregate the SFR REITs reported in 3Q21: 98% same-home occupancy.

article thumbnail

Miami Tops the List of the Nation’s Most Competitive Rental Markets

Pro Builder

Remote workers from around the country are flocking to sunny metros like Miami, where rental demand is at an all-time high. Housing Markets. Housing Markets. Miami Tops the List of the Nation’s Most Competitive Rental Markets. Fri, 07/01/2022 - 10:56. The total number of apartments in Miami-Dade County grew by 1.8%

Miami 52
article thumbnail

6 guideposts for cities to create equitable transit-oriented developments

BD+C

Multifamily Housing Affordable Housing Office Buildings Retail Centers Shopping Centers Transit Facilities Despite the best efforts of city governments and their transportation departments, transit-oriented-development projects often unintentionally burden existing residents and small businesses in the area.

Austin 95