Centre for Urban Research and Land Development’s Post

During and after the COVID-19 pandemic, population shifts occurred in many US cities as some homebuyers moved to the suburbs to escape city life while others returned to urban areas for in-person work. But what role has population growth had on home prices?  Using the latest data from the US Census Bureau, Zoocasa analyzed how population changes in cities or towns with more than 100,000 people impacted median single-family home prices from July 2022 to May 2024. See our in-depth analysis here:

A middle class lifestyle can look different depending on where you are. It may mean owning a house and a car in one city and simply being able to rent a place on your own in another. In the San Francisco area, an annual income of $250,000 would classify your household as middle earners, based on 2022 Census Bureau American Community Survey data. Another three U.S. metro areas include $200,000 households in their middle classes: Washington, D.C., Seattle and Boston. Median household incomes in each of these areas are over $100,000 a year. Here are the incomes you need to be considered middle class in the 25 most populous U.S. metros. ⬇️

My biggest story yet: NEWS: City of Denton relies on Dallas metro area metric to determine affordability in Denton The City of Denton uses a metric to determine the price of affordable rent that does not accurately reflect the financial situations of residents, an investigation by the North Texas Daily found. The City’s affordable housing incentives also provide housing developers with benefits even when the rent is above the median price of market-rate housing. Current affordable housing requirements from the City of Denton say rent must be low enough so people making less than the United States Housing and Urban Development Department’s Area Median Income metric are able to afford it. However, HUD groups the city of Denton in with wealthier counties and cities when determining AMI. The AMI Denton uses is that of the Dallas, Texas HUD Metro Fair Market Rent Area, which includes Denton, Dallas, Collin, Ellis, Hunt, Kaufman and Rockwall counties. As of March 2024, HUD determined the AMI for this area to be $77,300 per year for one person. The City of Denton’s median household income, which can include multiple income earners, is nearly $72,000, while median household incomes in the wealthier counties included in the HUD area can range from $84,000 to $121,300. Households in this HUD area have 2.5 to 3.1 members on average, according to Census data. Read the full story here: https://lnkd.in/gdGGzrjm

Overview: According to the Center’s new projections, the number of households in the US is expected to increase by 8.6 million, or approximately 860,000 per year between 2025 and 2035. Projections detail a future in which the number of households grows far more slowly than previously experienced. The slowdown will be driven mainly by an increased number of older adult households that are lost or consolidated each year. Households will still form, many of them by a more diverse set of younger adults, but not enough to outweigh the rising number of households lost. The alternative scenarios show how immigration levels may temper the slowdown or accelerate it. Ultimately, less household growth will mean less demand for new housing construction, while aging of the population will put new demands on the housing stock. #housing #housingmarket #housingmarketupdates #housingstock #housingdemand #housinggrowth #housingsupply #housingindustry #housingforecast #housingprojections #housingdemographics #householdformation #householddemographics #homeownership #homesales #homesforsale #resalehomes #existinghomesales #homeinventory #buyingahome #homepurchase #homebuilding #newhomeconstruction #newconstructionlevels #residentialconstruction #newhomes #newbuilds #newhomeinventory #newhomesales #newhomepurchase #homesupplyanddemand #homeaffordability #homeattainability #homebuyers #Boomers #homeowners

A middle class lifestyle can look different depending on where you are. It may mean owning a house and a car in one city and simply being able to rent a place on your own in another. In the San Francisco area, an annual income of $250,000 would classify your household as middle earners, based on 2022 Census Bureau American Community Survey data. Another three U.S. metro areas include $200,000 households in their middle classes: Washington, D.C., Seattle and Boston. Median household incomes in each of these areas are over $100,000 a year. Here are the incomes you need to be considered middle class in the 25 most populous U.S. metros. ⬇️

A middle class lifestyle can look different depending on where you are. It may mean owning a house and a car in one city and simply being able to rent a place on your own in another. In the San Francisco area, an annual income of $250,000 would classify your household as middle earners, based on 2022 Census Bureau American Community Survey data. Another three U.S. metro areas include $200,000 households in their middle classes: Washington, D.C., Seattle and Boston. Median household incomes in each of these areas are over $100,000 a year. Here are the incomes you need to be considered middle class in the 25 most populous U.S. metros. ⬇️

A middle class lifestyle can look different depending on where you are. It may mean owning a house and a car in one city and simply being able to rent a place on your own in another. In the San Francisco area, an annual income of $250,000 would classify your household as middle earners, based on 2022 Census Bureau American Community Survey data. Another three U.S. metro areas include $200,000 households in their middle classes: Washington, D.C., Seattle and Boston. Median household incomes in each of these areas are over $100,000 a year. Here are the incomes you need to be considered middle class in the 25 most populous U.S. metros. ⬇️

New U.S. Census Bureau data from the 2023 American Community Survey revealed that New Hampshire’s renters continue to be cost-burdened by housing expenses. In 2023, the estimated median income for households that owned their home was $114,853. Renters’ median household income that same year, however, was estimated to be $53,816. Read more in our latest report: https://lnkd.in/e754uZdC 

Working with Mountford Pigott LLP we are pleased to have obtained approval to convert a poor performing 1980's Office building (Class E) to 50 residential apartments (Class C3) at Advantage House (The Lightbox), 87 Castle Street, Reading. The Site is prominently positioned and well located within a 5-minute walk from the main town centre amenities and a 10-minute walk from Reading Station. The Class MA permitted development application was supported by appropriate assessments undertaken by Caneparo Associates, Mark Henderson CGeol, Kpacoustics, SCHROEDERS BEGG (UK) LLP. The growing housing role in the town centre and the inner areas surrounding the core has been one of the most obvious recent trends in central Reading. In terms of the household composition, Reading has very high levels of one person households (30.6%), and higher density of couples, and sharers than the other surrounding towns in Berkshire. Local area demographics also support this type of housing as Reading has a higher proportion of younger households than most other towns in Berkshire. Based on the 2021 Census data, the proportion of Reading households younger than 35 is approximately 34-35%. These levels are significantly higher than the UK 10% and London average of 25%. With these statistics and Reading's buoyant economy, there appears to be potential for continued opportunity to meet this demand. Please get in touch with us at Planning Resolution if you would like to discuss. Philip Atkins Phillip Taylor