Housing News Roundup: March 19, 2015
Where We Live Increasingly Defines Our Class Status
Income, occupation and education are the traditional factors that dictate class status. But, perhaps now more than ever in the United States, they can produce drastically different results based on where someone lives. “We’ve reached a point where it may not make sense to talk about a single American economy or to talk about opportunity in general,” says Richard Reeves of the Brookings Institution. “The American Dream looks very different in one place to the next.”
Source: NBC News
NYC Shelters Housed Record 42,000 Kids Last Year
A record 42,000 New York City children were forced to spend at least one night in a homeless shelter in 2014, according to a new analysis from the Coalition for the Homeless. The findings were especially troubling for the city’s African American population, as 1 in 17 of the city’s black youths slept in a shelter. “It’s a shocking finding — the crushing toll homelessness is taking on children,” said Mary Brosnahan, president of the coalition. “I don’t think it’s hyperbole to say this is the future of the city at stake.”
Source: New York Daily News
Working Families Can’t Get the Housing They Need in a Changing Boston
The types of housing available in Boston aren’t meeting the city’s needs, a new report finds. The multistory row homes traditionally used by intergenerational families now increasingly house groups of Millennials, making it more difficult for working families to find affordable places to live. In addition, a quarter of Boston residents spend more than half of their monthly income on rent. The findings are part of the 12th Annual Greater Boston Housing Report Card by the Dukakis Center for Urban and Regional Policy at Northeastern University.
Source: Next City
Poll: Chance at New Job the Top Reason to Move
Most people put employment opportunities as the most likely reason they’d move from the place they consider home, followed by family reasons and community benefits, in a new Allstate/National Journal Heartland Monitor poll. In addition, respondents said economic and financial factors were less likely to spur a move. Overall, 61 percent said the probability of relocation was not very likely, and 41 percent said it wasn’t likely at all.
Housing Shortage in Orange County Poses Economic Risk for Region
Orange County, Calif., needs to significantly increase the rate at which it’s building homes in order to effectively meet the region’s future housing needs. A report from the state Legislative Analyst’s Office determined that the county needs to build 7,000 more homes per year, while the state overall needs to increase its development by 100,000 homes annually. The lack of housing is a major contributor to the state’s high housing costs; a typical California home costs double the national average. “We think this issue is one of the biggest issues facing the state and the state’s economy right now,” said state analyst Brian Uhler.
Source: Orange County Register