News Round-Up: A Housing Rebound, for Some

The U.S. housing market has been crawling back from the brink for some time now, and there are very clear signs that a housing rebound is afoot. There is even some new construction happening in multifamily housing.

But is any of this new building going to help the lowest income renters? In Madison, Wisc., new construction hasn’t meant housing affordable for low income people. While experts agree the demand is there, low vacancy rates have pushed unaffordable rents even higher.

In Minot, North Dakota, the oil boom has propelled the economy- and rents- to never-before-imagined heights. Apartments that once rented for $350 a month could now rent for as much as $1600. Even with the lowest paying jobs increasing their wages in order to attract employees, housing is still out of reach.

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

%d bloggers like this: