{"id":46126,"date":"2025-11-20T15:34:07","date_gmt":"2025-11-20T15:34:07","guid":{"rendered":"https:\/\/www.newsbeep.com\/us-ny\/46126\/"},"modified":"2025-11-20T15:34:07","modified_gmt":"2025-11-20T15:34:07","slug":"give-new-york-city-the-housing-boom-americans-demand","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us-ny\/46126\/","title":{"rendered":"Give New York City the Housing Boom Americans Demand"},"content":{"rendered":"<p class=\"ArticleBodyText_articleBodyContent__17wqE typography_articleBody__3UcBa\" data-component=\"paragraph\">In one respect, New York City\u2019s <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2025-11-05\/new-york-city-mayor-s-race-sees-highest-turnout-in-decades\" target=\"_blank\" rel=\"noopener nofollow\" class=\"media-ui-Link_link-tVkXhPLPofs-\" data-component=\"link\">unusual election results<\/a> this year fit a national pattern: Voters opted to make housing easier and faster to build. Here\u2019s hoping it\u2019s a trend that lasts.<\/p>\n<p class=\"ArticleBodyText_articleBodyContent__17wqE typography_articleBody__3UcBa\" data-component=\"paragraph\">A lack of housing has become a nationwide problem. High prices and mortgage rates have <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2025-07-28\/us-real-estate-market-high-prices-mortgage-rates-hamper-spring-home-selling\" target=\"_blank\" rel=\"noopener nofollow\" class=\"media-ui-Link_link-tVkXhPLPofs-\" data-component=\"link\">depressed sales<\/a>. With rent costs outpacing incomes, nearly half the nation\u2019s <a href=\"https:\/\/www.census.gov\/newsroom\/press-releases\/2024\/renter-households-cost-burdened-race.html\" target=\"_blank\" rel=\"noopener nofollow\" class=\"media-ui-Link_link-tVkXhPLPofs-\" data-component=\"link\">growing population of renters<\/a> pays more than 30% of their income on housing. In New York, the <a href=\"https:\/\/www.nyc.gov\/site\/hpd\/news\/007-24\/new-york-city-s-vacancy-rate-reaches-historic-low-1-4-percent-demanding-urgent-action-new#\/0\" target=\"_blank\" rel=\"noopener nofollow\" class=\"media-ui-Link_link-tVkXhPLPofs-\" data-component=\"link\">rental vacancy rate<\/a> has plummeted to 1.4% and the homeless population has soared.<\/p>\n","protected":false},"excerpt":{"rendered":"In one respect, New York City\u2019s unusual election results this year fit a national pattern: Voters opted to&hellip;\n","protected":false},"author":2,"featured_media":46127,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[5877,2136,3339,26259,21899,1016,4801,26260,9,24,11,10,16826],"class_list":["post-46126","post","type-post","status-publish","format-standard","has-post-thumbnail","category-new-york","tag-austin","tag-california","tag-cities","tag-home-construction","tag-housing-shortage","tag-los-angeles","tag-minneapolis","tag-mortgage-rates","tag-new-york","tag-new-york-city","tag-new-york-headlines","tag-new-york-news","tag-view"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/posts\/46126","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/comments?post=46126"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/posts\/46126\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/media\/46127"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/media?parent=46126"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/categories?post=46126"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/tags?post=46126"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}