Study finds increase in cost-burdened renters

The 2015 report on rental housing from the Harvard Joint Center for Housing Studies has been released.

The report, America’s Rental Housing: Expanding Options for Diverse and Growing Demand, found that 43 million families and individuals live in rental housing, which is 9 million more households than 2005. The rise is the largest 10-year gain on record.

Renters continue to spend a larger portion of their income on rent. In 2014, 21.3 million renters were classified as cost burdened, meaning they spent more than 30% of their income on rent. In 2001, only 14.8 million individuals or families spent 30% or more on rent. Nearly 49% of renters are cost burdened, and 26% are categorized as severely cost burdened (paying more than half of income towards rent).

“More families are renting and too many of them are struggling as supply fails to meet demand and stagnant incomes fail to keep up with rising rents,” said Julia Stasch, President of the John D. and Catherine T. MacArthur Foundation, in a statement. “The affordability of rental housing is a critical national issue that deserves more attention and more action from policymakers."

Roughly one in three office buildings in the largest U.S. cities are well suited to be converted to multifamily residential properties, according to a study by global real estate firm Avison Young. Some 6,206 buildings across 10 U.S. cities present viable opportunities for conversion to residential use.

The Shipyard Condos

Multifamily Housing | May 19, 2023

Biden administration beefs up energy efficiency standards on new federally funded housing

The Biden Administration recently moved to require more stringent energy efficiency standards on federally funded housing projects. Developers building homes with taxpayer funds will have to construct to the International Energy Conservation Code (IECC) 2021 for low-density housing and American Society of Heating, Refrigerating and Air-Conditioning Engineers ASHRAE 90.1 for multi-family projects.

Shear Wall Selection for Wood-Framed Buildings

From wall bracing to FTAO, there are many ways to secure the walls of a building. Learn how to evaluate which method is best for a project.

A woman uses her iPhone to access the elevator and her apartment door.

The Key To Multifamily Access Control — Consistent Resident Experiences

Explore the challenges of multifamily access control and discover the key to consistent user experiences with a resident-first approach and open platforms.

Affordable Housing | May 17, 2023

Affordable housing advocates push for community-owned homes over investment properties

Panelists participating in a recent webinar hosted by the Urban Institute discussed various actions that could help alleviate the nation’s affordable housing crisis. Among the possible remedies: inclusionary zoning policies, various reforms to increase local affordable housing stock, and fees on new development to offset the impact on public infrastructure.

Multifamily Housing | May 16, 2023

Legislators aim to make office-to-housing conversions easier

Lawmakers around the country are looking for ways to spur conversions of office space to residential use.cSuch projects come with challenges such as inadequate plumbing, not enough exterior-facing windows, and footprints that don’t easily lend themselves to residential use. These conditions raise the cost for developers.

Rendering of Class A apartment building in Metuchen, N.J, that replaces a factory-warehouse.

Multifamily Housing | May 12, 2023

An industrial ‘eyesore’ is getting new life as an apartment complex

The project, in Metuchen, N.J., includes significant improvements to a nearby wildlife preserve.

Aegis Living Lake Union senior living community in Seattle aims to be world’s first to achieve Living Building Challenge designation

Senior Living Design | May 8, 2023

Seattle senior living community aims to be world’s first to achieve Living Building Challenge designation

Aegis Living Lake Union in Seattle is the world’s first assisted living community designed to meet the rigorous Living Building Challenge certification. Completed in 2022, the Ankrom Moisan-designed, 70,000 sf-building is fully electrified. All commercial dryers, domestic hot water, and kitchen equipment are powered by electricity in lieu of gas, which reduces the facility’s carbon footprint.