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Apartments

Housing permits are up for single homes but down for big apartments

by Sabri Ben-Achour
Oct 18, 2024
Builders are shying away from multifamily homes because of supply and cost issues. But single-family homes are cheaper and faster to build.
Builders broke ground on about 5.5% more single-family homes in September than a year ago.
Frederic J. Brown/AFP via Getty Images
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Will converting hotels into apartments ease the affordable housing shortage?

by Nova Safo
Oct 14, 2024
The renovations necessary to convert hotels into apartments are often cheaper and faster than those needed to convert office buildings.
The Whitelaw Hotel, which historically welcomed Black travelers in Washington, D.C., is now an apartment building.
Michael A. McCoy/For The Washington Post via Getty Images
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Adventures in Housing

Los Angeles' "dingbat" apartments are a kitschy piece of the past

by Sean McHenry
Sep 17, 2024
Shaped by the car culture, dingbats are going obsolete due to earthquake risk. But their names and style flourishes bring nostalgic smiles.
Dingbat dwellings were once a staple in LA, but they've required retrofitting in the quake-prone city.
Victor Decolongon/Getty Images
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Given the housing shortage, why is it so hard to build new apartments?

by Daniel Ackerman
Jun 20, 2024
Inflation, climate change and zoning laws have increased rents and building costs. Developers are focusing on high-priced luxury units.
Developers, who face stiff costs of their own, are focusing on high-profit luxury units, leaving low-income renters in a precarious position. 
Frederic J. Brown/AFP via Getty Images
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Rent reporting is affecting tenants' credit scores

by Amy Scott and Sofia Terenzio
Jan 1, 2024
In New York City, there's been an uptick in landlords reporting tenants' rents to credit bureaus, and not all renters are happy about it.
"One of the biggest things that landlords look at when they're deciding whether or not to rent to a tenant is their credit score," Chang said. A lower credit score can affect one's ability to move out and find a new place to live.
Spencer Platt/Getty Images
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Will 2024 be the year the housing market gets slightly less tough?

by Mitchell Hartman
Dec 27, 2023
High mortgage costs, low supply of houses for purchase and high rents made for a pretty bleak year. But there's a glimmer of light on the horizon.
“Single-family houses are starting to seem like a luxury good," said Chris Mayer of Columbia Business School.
Justin Sullivan/Getty Images
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U.S. asking rents decline (slightly), but continue to rise in some regions

by Samantha Fields
Jul 28, 2023
Asking rents are down 1% nationally, though they're still rising in some regions.
A man watches apartment construction in Austin, Texas. The increase in apartment supply is one reason for cooling rents.
Brandon Bell/Getty Images
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Supply of low-cost apartments dwindled over last decade, study says

by Matt Levin
Jul 7, 2023
Ultra-cheap rentals declined in every state, especially in Texas and North Carolina, where renters from more expensive markets are moving.
States like Texas, above, and North Carolina had a particularly sharp drop in low-cost apartments.
Brandon Bell/Getty Images
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Apartment construction is booming, but it probably won't last

by Henry Epp
Jun 2, 2023
The Census reports that construction of multifamily homes, like apartment buildings, was up about 25% year-over-year.
The Census reports that construction of multifamily homes, like apartment buildings, was up about 25% year-over-year.
Brandon Bell/Getty Images
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There are now only 4 major U.S. cities where buying is cheaper than renting

by Samantha Fields
May 25, 2023
That's good news if you're looking to buy in Philadelphia, Detroit, Cleveland or Houston, but what about the rest of us?
Even if monthly mortgage payments are higher than comparable rent, "you get the benefit of building up wealth," said Daryl Fairweather, chief economist at Redfin.
Justin Sullivan/Getty Images
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