Housing

State of New York City's Housing & Neighborhoods in 2015

State of New York City's Housing & Neighborhoods in 2015
NYU Furman Center. Released May 9, 2016.

Maxwell Austensen, Ingrid Gould Ellen, Luke Herrine, Brian Karfunkel, Gita Khun Jush, Shannon Moriarty, Stephanie Rosoff, Traci Sanders, Eric Stern, Michael Suher, Mark A. Willis, and Jessica Yager
05/31/2016

The State of New York City’s Housing and Neighborhoods report, published annually by the NYU Furman Center, provides a compendium of data and analysis about New York City’s housing, land use, demographics, and quality of life indicators for each borough and the city’s 59 community districts. The report combines timely and expert analysis of NYU Furman Center researchers with data transparency.

The 2015 report, released on May 9, 2016, is presented in three parts:

Part 1: Focus on Gentrification

Each year, the State of the City report describes, contextualizes, and provides analysis on a pressing and policy-relevant issue affecting New York City. In 2015, the report focuses on gentrification in New York City, exploring and comparing changes over time in the city's neighborhoods to better understand how rapidly rising rents affect residents.

Part 2: Citywide Analysis

The Citywide Analysis provides a broad, longitudinal analysis of the New York City's housing and neighborhoods. The chapter is divided into five parts: New Yorkers; land use and the built environment; homeowners and their homes; renters and their homes; and neighborhood services and conditions.

Part 3: City, Borough, and Community District Data

The data section provides current and historical statistics for over 50 housing, neighborhood, and socioeconomic indicators at the city, borough, and community district levels. It also includes indicator definitions and rankings; methods; and an index of New York City’s community districts and sub-borough areas.

Fifty Years of Historic Preservation in New York City

Fifty Years of Historic Preservation in New York City
NYU Furman Center. Published March 2016.

Ingrid Gould Ellen, Brian J. McCabe, and Eric Edward Stern
05/31/2016

The year 2015 marked the 50th anniversary of the creation of New York City’s Landmarks Preservation Commission (LPC), which has the authority to designate areas as historic districts and to designate individual, interior and scenic landmark sites. The LPC aims to achieve a wide array of goals through preservation, from safeguarding historic assets to promoting tourism, enhancing property values, and furthering economic development. This fact brief does not seek to assess progress in meeting those goals, but rather to describe the extent of historic preservation in New York City and explore some of the differences between historic districts and non-regulated areas. This brief draws on our full report, Fifty Years of Historic Preservation, and focuses on historic districts as such districts include the majority of parcels regulated by the LPC.

Does Preservation Accelerate Neighborhood Change? Examining the Impact of Historic Preservation in New York City

Does Preservation Accelerate Neighborhood Change? Examining the Impact of Historic Preservation in New York City

Brian J. McCabe and Ingrid Gould Ellen
04/05/2016

Problem, research strategy, and findings: A number of studies have examined the property value impacts of historic preservation, but few have considered how preservation shapes neighborhood composition. In this study, we ask whether the designation of historic districts contributes to changes in the racial composition and socioeconomic status of New York City neighborhoods. Bringing together data on historic districts with a panel of census tracts, we study how neighborhoods change after the designation of a historic district. We find little evidence of changes in the racial composition of a neighborhood, but report a significant increase in socioeconomic status following historic designation.
Takeaway for practice: Our research offers empirical evidence on changes in the racial composition and socioeconomic status of neighborhoods following the designation of a historic district. It suggests that historic preservation can contribute to economic revitalization in urban neighborhoods, but that these changes risk making neighborhoods less accessible to lower-income residents. Planners should consider ways that the city government can work to preserve the highly valued amenities of historic neighborhoods while mitigating the potential for residential displacement.

Race, Poverty, and Federal Rental Housing Policy

Race, Poverty, and Federal Rental Housing Policy
In HUD at 50: Creating Pathways to Opportunity. Washington, DC: U.S. Department of Housing and Urban Development. November 2015.

Ingrid Gould Ellen and Jessica Yager
01/14/2016

The chapter examines HUD’s complex and, at times, contradictory goals of creating and preserving high-quality affordable rental housing, spurring community development, facilitating access to opportunity, combating racial discrimination, and furthering integration through federal housing and urban development policy. It discusses HUD’s mixed success in fair housing enforcement and examines five key tensions running through all of HUD’s work.

Race and the Housing Cycle: Differences in Home Equity Trends Among Long-Term Homeowners

Race and the Housing Cycle: Differences in Home Equity Trends Among Long-Term Homeowners
2016. Housing Policy Debate 26(3): 456-73.

Jacob Faber and Ingrid Gould Ellen
01/10/2016

During the past decade, housing markets across the United States experienced dramatic upheaval. Housing prices rose rapidly throughout much of the country from 2000 until the start of 2007 and then fell sharply during the next two years. Many households lost substantial amounts of their equity during this downturn; in aggregate, U.S. homeowners lost $7 trillion in equity from 2006 to 2009. Aggregate home equity holdings had fallen back to 2000 levels by early 2009. While this intense volatility has been well documented, there remain unanswered questions about the variation in experiences across racial groups, particularly among those who purchased their homes before the boom and kept them through the collapse of the market. Did this housing market upheaval widen the already large racial and ethnic gaps in housing wealth? Using the American Housing Survey, we analyze differences in the changes in home equity experienced by homeowners of different races and ethnicities between 2003 and 2009. We focus on homeowners who remained in their homes over this period and find that blacks and Hispanics gained less home equity than whites and were more likely to end the period underwater. Black-white gaps were driven in part by racial disparities in income and education and differences in types of homes purchased. Latino-white disparities were most dramatic during the market’s bust.

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