To fix the housing crisis, these designers drew inspiration from the Apple Store
Most housing is built like a project—a one-off development with a job-specific team for a single location. BJ Siegel and Chester Chipperfield think housing should be built like a product, with all the R&D, optimization, and factory precision of a new phone or car. Using their product experience from working at companies like Apple, Tesla and Burberry, their new company, Juno, is aiming to make a product out of apartment buildings.
Fast Company • October 26, 2020
How Biden and Trump differ on housing-finance reform
The Trump administration has pursued the recapitalization of Fannie Mae and Freddie Mac, but a Biden administration may have different goals.
Whoever is elected in November will come up against a major hurdle in reforming how Fannie and Freddie operate.
MarketWatch • October 27, 2020
Struggling rental market could usher in next American housing crisis
Fallout from missed rent payments is threatening a swath of the U.S. population, as the expiration of eviction bans draws near.
A large number of renters have been unable to pay some or even all of their rent since March, when the pandemic temporarily shut down most businesses. Many businesses remain closed or only partially open, pushing renters into unemployment and draining their savings.
The Wall Street Journal • October 27, 2020
Landlords challenge U.S. eviction ban and continue to oust renters
In September, the Trump administration announced a national moratorium on evictions, via an order by the Centers for Disease Control and Prevention aimed at reducing the spread of coronavirus. The four-month temporary suspension applies to any tenant who can’t make rent due to economic conditions and who presents a written declaration about their circumstances to their landlord.
But the CDC ban now faces legal challenges on multiple fronts, even as landlords continue to routinely file evictions for nonpayment of rent — the very outcome that the order was designed to prevent.
Bloomberg CityLab • October 22, 2020
What will New York real estate look like next year?
One in five New York City tenants did not pay rent in September, by one estimate, and there is growing concern of "an eviction tsunami."
As apartment vacancies climb, sale prices and rents are falling, but nowhere near the magnitude needed to compensate for scarce affordable housing options.
The New York Times • October 23, 2020