New Zealand home prices are among the highest in the world relative to incomes and rents, with the capital city of Auckland having a median home price of $830k and a house price to income median multiple of 8.6 – in contrast to Houston’s far more affordable 3.6 - as documented in the Annual Demographia International Housing Affordability Survey. These prices have been growing at one of the fastest rates in the OCED: 266% since 1991. read more »
Houston
Post-Pandemic Housing Reality, Alt Cities to CA-NYC Housing Boom
A crazy week with a *ton* of new items I'll only be able to partially get through in this post, including some followups to last week's post about California tech companies moving to Texas: read more »
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SIlicon Valley is Moving to Texas
On December 1st, Hewlett-Packard–which has been headquartered in Silicon Valley since 1939–announced that its corporate headquarters would move to Houston. read more »
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Texas is Still Texas — For Now
For a generation, Texas has been the stronghold of the Republican Party. Democrats hoped to break its grip this year, but despite media fixation on a new, Democratic Texas, the state is not about to turn blue, as some progressives believe—though a purple future seems plausible. read more »
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Two Decades of Interstate Migration
America is still a mobile nation. Back in the 2000-2010 decade, 12.9 million people moved interstate, nearly five percent of the total population. In the 2010s the population has been a bit less mobile, with net domestic migration of 11.7 million residents, slightly under four percent. Nonetheless, 11.7 million is a large number. This is nearly equal to the population of Ohio, with only five states being larger read more »
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The Heartland's Revival
For roughly the past half century, the middle swath of America has been widely written off as reactionary, backward, and destined for unceasing decline. read more »
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The Twilight of Great American Cities is Here. Can We Stop It?
The dreadful death of George Floyd lit a fire that threatens to burn down America’s cities. Already losing population before the pandemic, our major urban centers have provided ideal kindling for conflagration with massive unemployment, closed businesses and already rising crime rates. read more »
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Houston Is Now Less Affordable Than New York City?!
"There are three kinds of lies: lies, damned lies, and statistics." -Mark Twain read more »
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Organic Urbanism is the Cure for New Urbanism
New Urbanism is like a virus. For 50 years it keeps coming back in mutated forms. It needs a cure. read more »
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Of Niche Markets and Broad Markets: Commuting in the US
The six transit legacy cities - mostly urban cores that grew largely before the advent of the automobile - increased their concentration of transit work trips to 57.9% of the national transit commuting, according to the 2018 American Community Survey. At the same time, working at home strengthened its position as the nation’s third leading mode of work access, with transit falling to fourth. The transit commuting market share dropped from 5.0% in 2017 to 4.9% in 2018. read more »
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