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The housing shortage in New York is driven by a lack of housing supply. Home construction in New York City lags far behind other major American cities. [4] Since 2010, housing supply in New York City has increased by 4% while jobs have increased by 22%. [4] Restrictive zoning regulations are a key contributor to the undersupply of housing, as ...
In early February, vacancy rates in New York City hit rock bottom at just 1.4%. That’s the lowest vacancy rate on record since the city started tracking the measure in the 1960s, according to ...
Riis Houses. / 40.723917; -73.974659. The Jacob Riis Houses are a public housing project managed by the New York City Housing Authority (NYCHA) in the East Village in New York City. The project is located between Avenue D and the Franklin D. Roosevelt Drive, spanning two superblocks from 6th Street to 13th Street.
The New York City Housing Authority ( NYCHA) is a public development corporation which provides public housing in New York City, and is the largest public housing authority in North America. Created in 1934 as the first agency of its kind in the United States, it aims to provide decent, affordable housing for low- and moderate-income New ...
The dean of NYC’s housing market dissects a puzzle: Manhattan’s record-high number of all-cash home sales. ... Capital Economics doesn’t expect mortgage rates to fall below 6% until the end ...
In the United States [17] and Canada, [18] a commonly accepted guideline for housing affordability is a housing cost, including utilities, that does not exceed 30% of a household's gross income. [19] Some definitions include maintenance costs as part of housing costs. [20]
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