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Data Updates
Census ACS 1-Year Data Update
Yesterday the Census posted 1-year American Community Survey data, so for the increasing number of people (housing geeks) interested in gaining insights into the housing market, that means new facts and figures about rents and incomes in NYC. In an effort to move as fast as this city does, we’re working to bring you summary snapshots and analysis of these data releases as quickly as we can. Keep in mind that 1-Year survey data has the largest margin of error of the products that the Census releases (because it has a smaller sample), but it offers the most up-to-date insights. Read on for our take about the numbers and what they might mean for New Yorkers.
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Data Updates
Updates from CoreData and Directory of Housing Programs
The NYU Furman Center released data updates related to CoreData.nyc and the Directory of NYC Housing Programs. A few weeks ago, our annual data refresh updated all of the neighborhood indicators on CoreData. We also added new data categories and visualizations on elementary school diversity.
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Data Updates
New York City Median Renter Income Continued Its Upward Trend
For the second year in a row, median renter income rose faster than median rent in New York City, according to the 2016 one-year estimates from the American Community Survey released last week by the U.S. Census Bureau. To view the latest 2016 data for New York City visit CoreData.nyc.
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Data Updates
Introducing New York City Neighborhood Data Profiles
Today, the NYU Furman Center launched New York City Neighborhood Data Profiles, a one-stop platform for viewing and downloading neighborhood data indicators.
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Data Updates
Citywide Sales Volume Down in 2016 as Housing Prices Continue to Rise
In 2016, the number of property sales was lower in all five boroughs than in 2015, while prices continued to rise. Permits for new residential construction fell in 2016, following a spike the previous year. 2016 saw the highest number of residential units authorized for occupancy in the past five years.
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Data Updates
Mapping Affordable Housing Supported by the 421-a Tax Exemption Program
Of the residential properties in New York City that currently benefit from a 421-a tax exemption, we find that 14.8% have at least some on-site affordable units and another 4.4% supported off-site affordable housing.
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Data Updates
The Location of New York City’s Expiring Affordable Housing
By 2020, the regulatory agreements governing 157 federally subsidized residential properties in New York City are set to expire; over the following decade, another 593 are set to expire.
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Data Updates
Newly Constructed Housing Units on the Rise in 2015
Between 2014 and 2015, New York City saw a 7% increase in the number of completed residential units authorized for occupancy, marking the third straight year of gains.
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Data Updates
NYC New Building Permits Recovered to 2014 Levels in Third Quarter, Despite 421-a Suspension
In the third quarter of 2016, New York City authorized 5,256 housing units for new construction—a growth of 49% over the previous quarter, and just over 150% from the previous year. This rebound to 2014 levels follows the tumult of 2015, in which the uncertainty of the future of 421-a led to a rollercoaster year for new building permits in New York City.
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Data Updates
NYC Renter Household Incomes Grew Faster Than Rents Between 2014 and 2015
According to one-year estimates from the American Community Survey just released by the U.S. Census Bureau this week, New York City’s renter households saw median income grow faster than median gross rent between 2014 and 2015.
