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November 9, 2016
Housing's Election Battles Go Local
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It was a nail biter of an election night, but Republican candidate Donald Trump clinched the presidency with 276 electoral votes to Hillary Clinton’s 218. Republicans also held on to the majority in the Senate and are set to do the same in the House. While the results are still sinking in, the question of what it all means for housing remains.

Housing was largely absent from any political discussion during the run-up to the election, leaving some to speculate on how housing in general would fare under each candidate. However, in the absence of a national spotlight on housing’s hurdles—namely affordability—the battles went local.

Top ballet decisions in a number of jurisdictions, especially in the West where rent growth has been perennially strong, had to do with affordable housing mandates. Rent control, inclusionary zoning and dedicated financing bonds were on ballots all over California. Voters in San Francisco, for example, had 17 affordable housing measures on the ballot. But similar measures were on the ballots in jurisdictions in Hawaii, North Carolina, and Oregon as well.

While the Republican sweep could potentially open up new debate over regulatory environment, tax and housing finance, the issue of high housing costs is likely to continue to have significant policy ramifications for housing going forward. 

NMHC worked hard over this election cycle to be sure our industry would be well positioned no matter how the results shook out and will continue to work with policymakers on many of these key issues going forward.

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Urban vs. Suburban Parking Preferences

A new analysis of data from the 2015 NMHC/Kingsley Associates Resident Preferences Survey shows suburban versus urban location affects resident preferences on parking and transportation.

Figure 1 shows that resident interest in parking (left axis) wanes while interest in car and bike shares (right axis) climbs in the highest density areas.

However, the trend is even more pronounced in the seriously urbanized areas, or those with at least 10,000 households per square mile (think places like Cambridge, Mass., or Jersey City, N.J.), shown at the far right side of the chart.

Still, interest for parking is much greater overall than that for shared transportation services.

The analysis uses a methodology similar to the one used by Jed Kolko, former chief economist for Trulia, to classify areas as urban, suburban or rural using household density. Results of the Trulia analysis were covered in the article, “How Suburban Are Big American Cities?

Upcoming Meetings
2016 NMHC OPTECH Conference & Exposition

November 14-16, 2016 at the Hilton Anatole, Dallas, TX 

2017 NMHC Apartment Strategies Outlook Conference

January 27, 2017 at the Manchester Grand Hyatt in San Diego, CA
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A must-read for top apartment industry professionals, Apartment Wire is a timely review of emerging trends in apartment finance, development, management and technology and more, featuring both exclusive content from NMHC's staff of experts and provocative articles from across the web.
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