flexiblefullpage
billboard
interstitial1
catfish1
Currently Reading

High-income renters now the fastest-growing housing market segment

Codes and Standards

High-income renters now the fastest-growing housing market segment

Growth is fastest in mid-sized cities with strong economies.


By Peter Fabris, Contributing Editor | February 28, 2019

Courtesy Pixabay

High-income renters are now the fastest-growing segment of the housing population, according to a study by Apartment List.

The number of households who earn six-figures and choose to rent has grown 48% over the past decade, the study found. Multi-family construction has quadrupled since 2010 and now exceeds pre-recession levels, with most of the activity on the high end.

Many high-earners increasingly value the flexibility of renting and want to live close to high-paying jobs in city centers. Many high earners are locked out of home ownership by the high cost of purchasing a home while managing student loan debt and stricter lending standards.

The rise of high-income renters has been most dramatic in mid-size, growing metropolitan areas, particularly Denver, Austin, and Oklahoma City. Growth in this category has been slower in the largest and most expensive markets, including New York, Los Angeles, and San Francisco.

Related Stories

Codes and Standards | Nov 28, 2016

Construction groups sue New York City over crane safety regulation

The rule bans cranes from operating when wind exceeds 30 mph.

Codes and Standards | Nov 28, 2016

Marines plan first net zero energy military base

The Albany, Ga., site will have ground source heat pumps and aĀ biomass generator.

Codes and Standards | Nov 18, 2016

Mahesh Ramanujam takes reins as U.S. Green Building Council President and CEO

Ramanujam brings his tech and business consulting background to the post.

Codes and Standards | Nov 18, 2016

Canada GBC launching Zero Carbon Buildings Initiative

First step toward Zero Carbon Building Standard.

Codes and Standards | Nov 17, 2016

Santa Monica, Calif., passes historic net-zero ordinance

Includes more stringent commercial, multifamily building standards.

Codes and Standards | Nov 14, 2016

Los Angeles voters approve billions to tackle traffic and homelessness

The approved measures will create new rail lines andĀ permanent housing.

Codes and Standards | Nov 9, 2016

NRMCA updates environmental impacts of concrete

The EPD now includes 88 companies, 72 mixes.

Codes and Standards | Nov 9, 2016

Louisiana flood projections require urgent action, officials say

The 'no net lossā€™ prediction now seems unrealistic.

Codes and Standards | Nov 8, 2016

American Concrete Institute offers new guide for repair of concrete buildings

The guide provides assistance on assessment andĀ rehab.

boombox1
boombox2
native1

More In Category


Reconstruction & Renovation

Movement to protect historic buildings raises sharp criticism

While the movement to preserve historic buildings has widespread support, it also has some sharp critics with well-funded opposition groups springing up in recent years. Some opponents are linked to the Stand Together Foundation, founded and bankrolled by the Koch familyā€™s conservative philanthropic organization, according to a column in Governing magazine.



halfpage1

Most Popular Content

  1. 2021 Giants 400 Report
  2. Top 150 Architecture Firms for 2019
  3. 13 projects that represent the future of affordable housing
  4. Sagrada Familia completion date pushed back due to coronavirus
  5. Top 160 Architecture Firms 2021

Ā