Residential
Seattle developers are trying to keep pace with the demand for urban living with an explosion of new multifamily projects.
Immigrants have been and will continue to be a major source of U.S. housing demand and were critical to the recovery of housing markets after the 2009 recession, according to a report published by the ULI Terwilliger Center for Housing.
The ULI Terwilliger Center for Housing is examining the housing characteristics and residential location choices of the America’s foreign-born population to better understand the impact that immigrants could have on local housing markets.
Los Angeles is now the top city in Marcus & Millichap’s National Multifamily Index, moving up 11 spots from a year earlier. The move was fueled by a forecast for further tightening in vacancy and minimal supply growth. Robust job growth pushed Seattle-Tacoma seven spots higher to place second on the list.
The low-income housing tax credit (LIHTC) has helped house millions, and it remains a vital driver of development. The 30-year track record of the LIHTC offers compelling evidence that affordable housing is good business, a stable asset class, and a strong driver of economic activity and neighborhood improvement.
As the Denver metropolitan area has topped 3 million residents, potentially accelerating toward 4 million, a sustainable land use template for future mobility and economic, social, and environmental health is emerging within the framework of the 122-mile (196 km) FasTracks rail and bus rapid transit network, which includes expansion with five new transit lines this year. A ULI Colorado event in early November attracted participants from Colorado and beyond to tour various transit-oriented development sites and hear about lessons learned and future trends.
A new report from the ULI Terwilliger Center says that U.S. suburban housing markets are well positioned to remain preferred places to live and work over the coming decades, even as urban cores and downtown neighborhoods continue to attract new residents.
South Quarter IV, a housing development in Minneapolis, has been selected by the ULI Terwilliger Center for Housing as the winner of the 2016 Jack Kemp Excellence in Affordable and Workforce Housing Award.
The city of Chicago’s Troubled Building Initiative was selected by the ULI Terwilliger Center for Housing as the winner of the 2016 Robert C. Larson Housing Policy Leadership Award, an annual recognition of the innovative ways the public sector is addressing the country’s affordable housing crisis.
At least 5.5 million units of naturally occurring affordable rental housing exist in cities across the United States, according to newly released data from CoStar, a leading provider of data and analytics for the commercial real estate industry. In an age of dwindling public subsidies for affordable housing, the concept of preserving naturally occurring affordable housing (NOAH) is gaining currency.