Housing supply failing to keep up with rising demand has fueled the affordability problem in New York. Between 2000 and 2016, the housing stock grew by about 8 percent while the adult population rose nearly 11 percent, according to a new report from the NYU Furman Center for Real Estate and Urban Policy. At the same time, jobs were up more than 16 percent — a sign of growing demand. Meanwhile, median rents have gone […]
source https://therealdeal.com/2018/05/24/housing-affordability-has-worsened-as-city-fails-to-meet-growing-demand-report/
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