Publications Data Briefs
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Data Brief
Subsidized Housing: A Cross-City Comparison
The analysis from the 2011 State of New York City’s Housing and Neighborhoods report compares federally-subsidized housing programs across the nation’s five most populous cities: New York City, Los Angeles, Chicago, Houston, and Philadelphia. New York City has the largest share of subsidized rental housing of the five cities, due mostly to its large stock of public housing. Over five percent of the city’s housing units in 2008 (almost 180,000 units) were in public housing. In addition to subsidies, more than one million units—nearly half of the rental housing stock—are rent stabilized in New York City.
The Furman Center for Real Estate and Urban Policy. May 2012.
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Data Brief
The State of Mortgage Lending in New York City
The analysis of recent mortgage trends from the 2011 State of New York City’s Housing and Neighborhoods report finds that home purchase loans originated in 2010 increased 11 percent over 2009, interrupting what had been a steady downward trend in annual lending since 2005. Much of the rise is due to a 22 percent increase in the number of homebuyers taking out mortgages in low- and moderate-income neighborhoods. The number of loans issued to white, black, and Hispanic borrowers in New York City all increased in 2010, while lending to Asian borrowers decreased slightly.
The Furman Center for Real Estate and Urban Policy. May 2012.
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Data Brief
The Changing Racial and Ethnic Makeup of NYC Neighborhoods
This analysis from the 2011 State of New York City’s Housing and Neighborhoods report finds that 28 percent of the city’s census tracts were racially integrated in 2010, up from 22 percent of tracts in 1990. The percentage of neighborhoods that are mixed-minority also rose, from 17 percent of all tracts in 1990 to 24 percent in 2010. Meanwhile, the share of neighborhoods that are majority white declined sharply, from 40 percent of all census tracts in the city to 23 percent.
The Furman Center for Real Estate and Urban Policy. May 2012.
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Data Brief
Rent Stabilization in New York City
The fact brief presents data and analyzes the characteristics of rent-stabilized units and their tenants in New York City. In 2011, New York City was home to 1,025,214 rent-regulated units, representing nearly half of the city’s total rental housing stock. The analysis is released in advance of the U.S. Supreme Court’s announcement on whether it will hear the case of Harmon v Kimmel, which challenges rent regulation laws in New York City and would have broad implications for the city’s rental market.
The Furman Center for Real Estate and Urban Policy. April 2012.
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Data Brief
Quarterly Housing Update 2011: 3rd Quarter
In an analysis of third quarter housing indicators, The Furman Center finds that home sales volume remained low in the third quarter of 2011, with the number of properties sold citywide four percent lower than the number sold in the third quarter of 2010. Property values are also lagging in most of the city. Manhattan is the only borough where properties have appreciated in price over the last year. The Quarterly Housing Update is unique among New York City housing reports because it incorporates sales data, residential development indicators, and foreclosures. It also presents a repeat sales index for each borough to capture price appreciation while controlling for housing quality.
The Furman Center for Real Estate and Urban Policy. November 2011.
affordable housing, housing prices, mortgage foreclosures, neighborhoods
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Data Brief
New York City Quarterly Housing Update 2011: 2nd Quarter
In an analysis of second quarter housing indicators, the Furman Center finds that home sales volume declined 20 percent from the first to the second quarter of 2011, although home prices citywide held steady. The report also finds that new construction is slowly starting to return with 1,556 units authorized by new residential building permits between January and June 2010, compared with 1,703 units authorized in all of 2010.
The Furman Center for Real Estate and Urban Policy. August 2011.
affordable housing, housing prices, mortgage foreclosures, neighborhoods
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Data Brief
Mortgage Lending to Vulnerable Communities: A Closer Look at HMDA 2009
Across the U.S., the number of home purchase mortgages issued to low- and moderate-income borrowers jumped by 26 percent in 2009, even as overall home purchase lending declined, new research released by the Furman Center finds. The data brief, Mortgage Lending to Vulnerable Communities: A Closer Look at HMDA 2009, finds that lending to low- and moderate-income homebuyers increased nationwide in 2009, despite a reduction in the number of home purchase mortgages issued to higher income borrowers. Lending in low- and moderate-income neighborhoods, on the other hand, did not see a similar increase.
Josiah Madar, Max Weselcouch. August 2011.
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Data Brief
New York Quarterly Housing Update 2011: 1st Quarter
In an analysis of first quarter housing indicators, the Furman Center finds that housing prices declined between the last quarter of 2010 and the first quarter of 2011 in every borough except Queens, where prices remained essentially flat. The volume of home sales continued to decline in every borough compared to the previous year. The Quarterly Housing Update is unique among New York City housing reports because it incorporates sales data, new construction indicators, and foreclosures. It also presents a repeat sales index for each borough to capture price appreciation while controlling for housing quality.
The Furman Center for Real Estate and Urban Policy. May 2011.
affordable housing, housing prices, mortgage foreclosures, neighborhoods
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Data Brief
New York City Quarterly Housing Update 2010: 4th Quarter
In an analysis of fourth quarter housing indicators, the Furman Center finds that home prices outside of Manhattan are still in decline, but foreclosures are down citywide. The Quarterly Housing Update, which uses six key indicators of housing market performance from a variety of data sources, is the only New York City housing report to incorporate sales data, development indicators, and foreclosures. It also presents a repeat sales index for each borough to capture price appreciation while controlling for housing quality.
The Furman Center for Real Estate and Urban Policy. February 2011.
affordable housing, housing prices, mortgage foreclosures, neighborhoods
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Data Brief
New York City Quarterly Housing Update 2010: 3rd Quarter
In an analysis of third quarter housing indicators, the Furman Center finds that home sales declined between the second to third quarter of 2010, but the foreclosure crisis appears to be slowing citywide. The Quarterly Housing Update, which uses six key indicators of housing market performance from a variety of data sources, is the only New York City housing report to incorporate sales data, development indicators, and foreclosures. It also presents a repeat sales index for each borough to capture price appreciation while controlling for housing quality.
The Furman Center for Real Estate and Urban Policy. December 2010.
affordable housing, housing prices, mortgage foreclosures, neighborhoods
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