Computer chip plant fuels construction of rental homes, apartments in north Phoenix
North Phoenix is expected to see an explosion of development on the heels of the construction of the Taiwan Semiconductor Manufacturing Co. plant near Interstate 17 and Loop 303, with one developer preparing to build nearly 600 rental homes in two developments in the area. Scottsdale-based Empire Group bought two parcels of land in Phoenix, […]
Eviction filings surge in metro Phoenix
Eviction filings in Arizona’s largest county have surged higher than at any time in the last 13 years. Data released Thursday by the Maricopa County Justice Court shows that the July filing figure of 6,405 is higher than any month since October 2008, when the number hit 6,975. It’s also the second month in a […]
Phoenix newcomers have bigger home-buying budgets than locals, driving up prices
Arizonans love to blame California transplants for all of our problems, but this time we may be onto something. Out-of-towners moving to Phoenix in the first half of the year had 13% more to spend on a home than locals, according to a new analysis by real estate company Redfin. The average maximum budget of […]
Thousands of apartments, rentals on tap for Laveen as residents demand sustainable growth
The Laveen community in southwest Phoenix has seen thousands of residential rooftops under construction for years, with houses replacing farms in the once agricultural area of the city. But as the area has grown, the rapid development of housing has eaten up some of the land that could have been used for retail amenities and […]
To meet demand, US needs 4.3M more apartments by 2035
Dive Brief: The U.S. needs 4.3 million new apartment units between now and 2035 in order to mitigate issues related to apartment demand and the shrinking supply of affordably priced housing, according to research commissioned by the National Multifamily Housing Council and National Apartment Association. This number incorporates an existing deficit of 600,000 apartment homes, which the […]
Why It’s So Hard to Find an Affordable Apartment in New York
A half a century ago, city planners warned that New York had the potential to swell into a “monster city” of 55 million people. To avoid this fate, the city passed a major overhaul of zoning rules in 1961, limiting the size of buildings and how many people could live in them. Now, a longstanding housing shortage, […]
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A Town’s Housing Crisis Exposes a ‘House of Cards’
HAILEY, Idaho — Near the private jets that shuttle billionaires to their opulent Sun Valley getaways, Ana Ramon Bartolome and her family have spent this summer living in the only place available to them: behind a blue tarp in a sweltering two-car garage.With no refrigerator, the extended family of four adults and two young children […]
Phoenix Multifamily Vacancies Continue To Rise
Robust job and population growth have fueled a hot real estate market in the Valley of the Sun. In-migration trends here are among the best in the United States in part due to Phoenix’s proximity to Southern California. And apartment builders have plenty of units in the pipeline for newcomers. After Phoenix apartment vacancies hit […]
U.S. Needs 4.3M More Apartments by 2035 to Address Demand, Deficit and Affordability
Nation faces 600,000 apartment deficit, 4.7 million fewer affordable apartments Washington, D.C. – Amidst demographic shifts and lingering pandemic impacts on the population and broader economy, the U.S. faces a pressing need to build 4.3 million new apartments by 2035, according to a new study commissioned by the National Multifamily Housing Council (NMHC) and the National […]
