Monthly Archives: December 2018

Demand for apartment rentals surges unexpectedly as home sales slump

Apartment absorption, which is the rate at which new units are rented out, is now at the highest level in three years, according to the U.S. Census. Apartment construction took off in 2012 and reached a 20-year high in 2017. It remained elevated this year, despite warnings that demand would slow as more millennials aged [...]

By |2018-12-28T17:04:33-08:00December 28th, 2018|Advocacy|

Letter | Time to Push Dinosaurs into New Age

Measure M was defeated by 62 percent of the voters, but it’s being revived by the new City Council. On hold due to threatened legality, they may yet act based on faulty analysis of high rents. “Generation Priced Out,” by Randy Shaw of the progressive Tenderloin Housing Clinic, investigates high rents. He finds: The statewide [...]

By |2018-12-28T16:26:38-08:00December 28th, 2018|Advocacy|

Housing Affordability Crisis Is Nationwide

Californians are not the only ones confronted with a housing affordability crisis. According to ATTOM Data Solutions, U.S. housing affordability dropped to a 10-year low in the third quarter to its least affordable level since Q3 2008. Nationwide, the Q3 2018 home affordability index of 92 was down from 95 in the previous quarter and [...]

By |2018-12-28T16:19:14-08:00December 28th, 2018|Advocacy|