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Apartments

More buildings being converted to apartments than ever before

by Meghan McCarty Carino
Oct 14, 2021
About 20,000 new apartment units were created this year in buildings that used to serve some other purpose.
The Tribune Tower sits along Michigan Avenue at the Chicago River in Chicago, Illinois. Much of the iconic building has been converted into apartments.
Photo by Scott Olson/Getty Images
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Rents are rising again, making it hard to find an apartment

by Andy Uhler
Jul 22, 2021
Bidding wars to rent? One would-be renter says that's going on in Houston, Texas.
While rents in urban areas dipped during the pandemic, they're climbing back up and inspiring rental bidding wars in some markets.
Justin Sullivan via Getty Images
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COVID-19

Home construction is surging, but it's leaving out struggling renters

by Mitchell Hartman
Aug 18, 2020
Apartment market tracking firm RENTCafé predicts apartment construction will be down 12% from 2019 to the lowest level in five years.
Even with the surges in homebuilders' confidence and some construction metrics, there is still an affordable renting housing crisis.
Al Bello/Getty Images
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COVID-19

What will happen to New York's sky high rents?

by Sabri Ben-Achour
Jul 2, 2020
Some are getting breaks on commercial and residential rent, but it won't last forever.
A banner calling for New York Gov. Cuomo to cancel rent in May as people struggle to pay rent during the COVID-19 pandemic.
Stephanie Keith/Getty Images
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The rise of the high-rise

by Amy Scott
Jan 21, 2020
As more and more people want the amenities of urban living, there's nowhere to build but up.
At 44 stories, Baltimore's new 414 Light Street is the tallest apartment building in Maryland.
Amy Scott/Marketplace
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The affordable housing crisis is forcing some people into basements

by Andie Corban and Kai Ryssdal
Oct 30, 2019
A New York Times reporter took a look at immigrants living in the cramped, dark, illegal spaces in Queens.
Expensive housing in big cities like New York are pushing some people into illegal basement apartments.
Drew Angerer/Getty Images
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Rent too high? Blame zoning.

by Amy Scott
Jul 10, 2019
Research finds hostility to apartments contributes to affordability crisis.
A pedestrian passes by 315 Hudson Street, where Google plans to lease office space, in the Hudson Square neighborhood in Lower Manhattan, December 17, 2018 in New York City.
Drew Angerer/Getty Images
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Demand for apartments hits 5-year high

by Amy Scott
Jul 3, 2019
That means rents are rising, too.
Angerer/Getty Images
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Manhattan housing prices cooled in 2018

by Renata Sago
Jan 4, 2019
The median home sale in the borough has dipped below $1 million for the first time since 2015.
The median sales price for Manhattan property fell 4.4 percent in 2018.
DANIEL SLIM/AFP/Getty Images
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January home construction jumped 9.7 percent

by Mitchell Hartman
Feb 16, 2018
Single-family ground-breaking was strong, but construction of multi-family units was even stronger.
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