July 30, 2023
26 Miles of Scaffolding Blights NYC’s Public Housing, Some Up for 10 Years
No New York pedestrian would disagree with Eric Adam’s characterization of the city’s ubiquitous sidewalk sheds at stalled construction sites as “ugly little green boxes.” But his targeting of private buildings owners with $10,000 a month fines for scaffolding that stays up for more than 90 days without building repairs proceeding also suggests selective prosecution. …
July 25, 2023
Not Just Tulsa
Earlier this month, an Oklahoma judge ruled that the City of Tulsa cannot be held legally or financially responsible for the actions of the violent mob that burned down the city’s Greenwood section, known as the Black Wall Street, in 1921. Three survivors of that murderous riot will not, it appears, receive compensation. Despite their disappointment, the…
July 21, 2023
National Home Price Appreciation (HPA) Index—June 2023
PDF to full report Key takeaways: To view more data on HPA and months supply, please visit our interactive.
July 19, 2023
Adams’ Smart Migrant Move Could Help the City’s Overburdened Shelters—and Migrants Themselves
A hint of common sense has emerged in the Adams’ administration policy toward the wave of migrants crowding the hotels once occupied by the tourists the city’s economy needs. But the mayor’s just-announced 60-day limit for single adults in the city’s shelter system raises the obvious question: Where should they go next? There’s a short…
July 18, 2023
Yet More Absurdities in Biden’s Housing Policy
In a recent Wall Street Journal op-ed, my colleague Ed Pinto and I recently raised alarms about how the Biden administration is doubling down on the same failed policies that preceded the housing crash of 2008. Unfortunately, policymakers keep dreaming up new and equally absurd housing policies. The latest move comes from the Federal Housing Administration (FHA), the…
July 17, 2023
Biden Tries to Revive His Eviction Moratorium Through the Back Door
The federal overreach that was part of the Covid pandemic response included a ban on residential evictions, ordained by, of all agencies, the Centers for Disease Control. Ultimately, the Supreme Court slapped down a Biden-administration effort to extend the ban — which had no serious public-health basis. But that has not stopped the White House from…
July 12, 2023
New York Rent Control: Could the End be Near?
Those who care about housing policy and the future of New York City will be paying close attention this fall to see if the Supreme Court decides to take up a serious challenge by apartment owners to the Big Apple’s big blunder: rent regulation. At stake is a law which regulates rent prices and tenant rights for…
June 24, 2023
City Can No Longer Afford Life-Long Subsidies for Lucky NYCHA Tenants
If the definition of insanity involves doing the same thing repeatedly and hoping for a different result, maybe the long-troubled New York City Housing Authority, the nation’s largest, isn’t entirely insane after all. Rather than pouring yet more money into repairs of the crumbling Fulton and Elliot-Chelsea Houses, among the nation’s oldest public-housing projects, NYCHA…
June 14, 2023
Housing in America: A Profectus Roundtable
As economic dynamism in America continues to shift the geography of economic opportunity, housing has become a top concern for a growing number of Americans. It’s clear that some areas are struggling to maintain or build enough housing to meet demand. With costs rising and preferences changing, we asked a group of experts for their…
June 7, 2023
The Effect of Relaxing Local Housing Market Regulations on Federal Rental Assistance Programs
Abstract The majority of U.S. households that qualify for federal rental housing assistance do not receive it. In the absence of an entitlement to housing assistance, an underexplored cause of the shortfall is that higher rents in some areas driven by supply-constraining local regulations increase program costs, leaving fewer funds available to serve additional families….