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• W261001415 abstract "1. INTRODUCTION New York City is well-known for the special challenges it faces in providing the largest urban population in the United States with quality affordable housing. The city's housing problems are frequently the subject of intense debate. It is sometimes said that housing problems in New York City are exceptional and cannot be compared with those of other cities. In this paper, we provide this comparative perspective through an examination of certain housing indicators for New York City, the nation as a whole, and several comparison cities. Our results suggest that New York is not as exceptional as some might think. Many housing and neighborhood indicators improved substantially in New York City over the late 1990s. Although a large number of New Yorkers live in poor-quality housing or pay extraordinarily high proportions of their incomes for rent, housing problems by and large either stabilized or, in some instances, moderated during the late 1990s. Nevertheless, significant housing problems remain and not all improvements were felt everywhere in the city. Much of the information on New York City presented here is taken from our recent report, State of New York City's Housing and Neighborhoods 2001. (1) In that report and in this presentation, we derive many indicators from the New York City Housing and Vacancy Survey (HVS). This survey, which is modeled on the Census Bureau's American Housing Survey (AHS), is conducted every two to three years and is based on a sample of approximately 18,000 housing units--a substantially larger sample than the metropolitan area surveys of the AHS, which range from 1,300 to 3,500 housing units. Because the HVS is unique to New York City, AHS data for New York, the United States, and six comparison cities are also presented to place the city's housing situation in context. (2) 2. VACANCY RATES AND HOUSING CREATION The scarcity of housing in New York City is well-known. As shown in Chart 1, rental vacancy rates in New York are consistently lower than rates for the United States as a whole, reflecting the fact that the city has one of the tightest housing markets in the nation. According to the HVS, from 1996 to 1999, rental vacancy rates in New York declined from 4.0 percent to 3.2 percent. This decline may be an indication of a reversal of the generally upward trend in the vacancy rate since 1984, when only 2 percent of rental units were vacant and available. The current vacancy rate is well below the 5 percent level that statutorily constitutes an official housing emergency in the city. As shown in the chart, the decline in New York City's vacancy rate contrasts with the change in the nation as a whole. According to the AHS, from 1995 to 1999, the nationwide rental vacancy rate increased slightly, from 7.2 percent to 7.4 percent. [GRAPHIC OMITTED] New York City's housing market is not the tightest in the nation, however (Table 1). According to the 2000 U.S. census, two other cities--San Francisco (2.5 percent) and Boston (3.0 percent)--had lower rental vacancy rates. Los Angeles also had a very low vacancy rate of 3.5 percent. At the other extreme are Philadelphia, which has experienced substantial population loss and has a relatively high vacancy rate of 7.0 percent, and Houston, an expanding city, which has the highest vacancy rate of the cities examined, 8.7 percent. Within New York City, there is substantial variation in rental vacancy rates. (3) As Chart 2 indicates, the areas of New York that have the most vacancies are generally those neighborhoods with high populations of low- and moderate-income families, such as the South Bronx and Central Brooklyn. One exception is southern Staten Island, where land is more available and construction levels are relatively high. [ILLUSTRATION OMITTED] Low vacancy rates can be thought of as reflecting strength or weakness. On the one hand, the extremely tight housing market indicates high demand for residence in the City of New York. …" @default.
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• W261001415 date "2003-06-01" @default.
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• W261001415 title "State of New York City's Housing and Neighborhoods: An Overview of Recent Trends. (Session 1)" @default.
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