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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.
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Data Updates
New York City Student Performance Varies Widely Across Neighborhoods
In New York City, student performance varies widely across neighborhoods and boroughs, according to data from the State of New York City’s Housing and Neighborhoods in 2015.
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Data Updates
Report: New York City Properties Affected by Sale of Tax Liens
A report by the NYU Furman Center describes the process of tax lien sales in New York City, which affected over 15,000 properties and roughly 43,600 residential units between 2010 and 2015.
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Data Updates
New Units Planned for Construction in 2015 Were Concentrated in Brooklyn and Manhattan
In 2015, New York City saw a spike in the number of permits issued for new housing units, including a large jump in the number of permitted units in large buildings with at least 50 units. Many of these permits were concentrated in Brooklyn and Manhattan.
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Data Updates
Private School Attendance in New York City
In 2014, 17% of New York City children age 5 to 17 attended a private school. Two community districts have more than half of school age children enrolled in private schools.
