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Data Updates
2019 Data on New York City’s Housing Stock
During 2019, the City of New York permitted the highest number of housing units since 2008, with the exception of a spike in 2015. Despite this recovery, permitted production was short of pre-recession levels. While permit activity increased, builders completed fewer units in 2019 compared to 2018, but this overall level was higher than completions in the first half of the decade. Of the 24,566 new units completed in 2019, more than half were located in six Sub-Borough Areas in Manhattan, Queens, and Brooklyn. New units added made up less than one percent of the city’s housing stock. The City also designated five historic districts in 2019, extending protections to the highest number of lots since 2015.
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Data Updates
What are the Housing Costs of Households Most Vulnerable to Job Layoffs? An Initial Analysis
As the COVID-19 public health crisis grows in New York City and across the United States, there is significant concern about the economic effect the crisis will have on workers in occupations susceptible to mass layoffs. Workers in a number of sectors face significant income loss due to closures, reduced hours, and cancellations. While a $2.2 trillion stimulus bill that expands unemployment benefits was signed into law last Friday, not all affected workers will have access to the expanded aid. In an effort to understand the scale of the issue and disparities when examining potential impacts by race, we reviewed pre-crisis incomes and housing costs of New York City residents who work in occupations that are more vulnerable to income loss (“vulnerable occupations”).
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Data Updates
New York’s Housing Insecurity By The Numbers
U.S. Congress, New York State, and New York City policymakers are in the process of developing a financial package with programs that will provide emergency housing assistance to address the impacts of the COVID-19 crisis on housing stability and the housing market. To help inform these efforts we’ve outlined the following key information about New York City and New York State households and provides context for New York’s unique housing market.
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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.
