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AirDNA researchers estimate that short-term rentals were responsible for only 1% to 4% of the increase in housing prices in recent years. Putting more STRs back onto the market won’t move the ...
Most of the new housing units in recent years have been single-family homes, according to a separate U.S. Census Bureau construction survey through the end of 2023. Production of new single-family ...
Since about 1970, California has been experiencing an extended and increasing housing shortage, [1]: 3 such that by 2018, California ranked 49th among the states of the U.S. in terms of housing units per resident. [2]: 1 [3] This shortage has been estimated to be 3-4 million housing units (20-30% of California's housing stock, 14 million [4 ...
Zillow says the U.S. housing shortage grew to 4.5 million homes in 2022, up from 4.3 million in 2021. In 2022, the number of U.S. families increased by 1.8 million, while only 1.4 million housing ...
Permit process. As of 2022, San Francisco had the slowest permitting process of any large city in the United States, with the first stage taking an average of 450 calendar days, and the second stage can take 630 days for typical multi-family housing, or 860 days for a single-family house. [ 4] In July of 2024, San Francisco became the first ...
In 2023, interviews from a local Houston Homelessness Coalition found that 41% of unsheltered persons had been homeless for 3 years or longer, while only 12% of the interviewees were newly homeless. [ 250 ] 73% of those experiencing homelessness in 2023 were 25–64 years old, with 14% being under 18 years old and 6% being either greater than ...
The U.S. Census Bureau found that if you took out housing costs, inflation at the end of 2023 would have been 1.8% instead of 3.2%. [12] Artificial scarcity in the supply of housing, due to NIMBYism, has been a significant factor in making housing more expensive. [13] [14] Freddie Mac estimated that the housing shortage surged 52% between 2018 ...
Existing-home sales fell to their lowest level since 2010, when the housing market was reeling from the Great Financial Crisis, as sales of new-construction homes surged. Historically, new homes ...