January 2020 year-over-year rent growth
- Seattle 3.5%
- Portland - 3.8%
- Seattle - 5.8%
- Portland - 5.2%
- Seattle - 95.3%
- Portland - 95.2%
"Over the past decade, additions to the nation’s rental stock consisted primarily of large multifamily properties and single-family homes—units that are typically more expensive than those in small and mid-sized buildings. This shift has effectively shrunk the middle of the rental market. And despite the recent strength of multifamily construction, much of the rental stock is aging and in need of maintenance and updating. At the same time, rental deserts—providing only limited housing options for renter households—exist in a variety of communities from urban to rural, and the barriers to multifamily development in these locations remain formidable."Read and download the report here.
A new study reveals that Washington State’s housing construction fell far below demand between 2000 and 2015 and Willamette week reports that the state agency responsible for regulating and supervising low-income housing providers is failing to enforce policies against rent gouging at affordable housing complexes.
This week – Both Washington and Oregon’s 2020 legislative sessions will begin with lawmakers prioritizing plans to reduce homelessness; San Francisco considers limiting construction of new office space if housing goals aren’t met, and a report that December’s month over month rents for Eugene, Salem and Albany reached record highs.
The Wall Street Journal criticizes Oregon’s housing shortage as a state and local government failure; The Portland Design Commission strikes language from a code revision that would have required developers to provide outdoor camping space; a report details how Findland has become the only country in Europe with a declining homeless population.
In the past decade, Oregon’s economy boomed while the production of housing reached record low levels; a California newspaper investigates how France is working to fix the Paris housing crisis, where underbuilding created a housing shortage.