The Boston region has achieved a jobs-housing imbalance only bested by the San Francisco Bay Area since the Great Recession.
"By historical standards, Greater Boston has added a lot of housing in the last few years. But it is adding even more jobs. And that’s a key reason why living here keeps getting more expensive," reports Tim Logan.
The results of a new research from the real estate website Apartment List, "which found that since 2008 the region has added 2½ times as many jobs as it has housing units," according to Logan. Only the San Francisco Bay Area has achieved a greater imbalance during that time.
"Since the 2008 recession, Greater Boston’s economy has added about 275,000 jobs, many of them in well-paid industries like technology and life sciences. At the same time, it has added 108,000 apartments and condos, mostly in Boston and a handful of nearby municipalities," adds Logan for more details.
FULL STORY: Boston-area housing gains lag job growth, report says
New Market-Rate Housing Lowers Rents for Everyone, According to New Research
A study published by a German researcher adds ammunition to the cause of improving housing affordability by legalizing and building new supply.
Lack of Multi-Family Zones Contributes to Nashville’s High Housing Costs, Study Says
Nashville and surrounding communities allow for a relatively small amount of multi-family housing, according to a new zoning atlas of Middle Tennessee. A regionally focused nonprofit is using the atlas to push for zoning reforms.
Boston Mayor Fights for Rent Control
Mayor Wu says putting a rent control policy in place is just one of several ways the city plans to improve housing affordability and prevent evictions, but the proposal requires state approval.
Study: Maui’s Plan to Convert Vacation Rentals to Long-Term Housing Could Cause Nearly $1 Billion Economic Loss
The plan would reduce visitor accommodation by 25,% resulting in 1,900 jobs lost.
North Texas Transit Leaders Tout Benefits of TOD for Growing Region
At a summit focused on transit-oriented development, policymakers discussed how North Texas’ expanded light rail system can serve as a tool for economic growth.
Why Should We Subsidize Public Transportation?
Many public transit agencies face financial stress due to rising costs, declining fare revenue, and declining subsidies. Transit advocates must provide a strong business case for increasing public transit funding.
How to Make US Trains Faster
Changes to boarding platforms and a switch to electric trains could improve U.S. passenger rail service without the added cost of high-speed rail.
Columbia’s Revitalized ‘Loop’ Is a Hub for Local Entrepreneurs
A focus on small businesses is helping a commercial corridor in Columbia, Missouri thrive.
Invasive Insect Threatens Minnesota’s Ash Forests
The Emerald Ash Borer is a rapidly spreading invasive pest threatening Minnesota’s ash trees, and homeowners are encouraged to plant diverse replacement species, avoid moving ash firewood, and monitor for signs of infestation.
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