Build baby build? Housing submarkets and the effects of new construction on existing rents Anthony Damiano and Chris Frenier aUniversity of Minnesota; bHealth Care Cost Institute ABSTRACT There is vigorous debate among scholars, and activists about the role that new market-rate apartments play in alleviating housing affordability issues at the neighborhood level. This study evaluates how new large (>50 units) market-rate apartment buildings affect rents in nearby buildings. In contrast to other recent work, we posit that the effects of new construction may vary by the quality of existing housing. We test this hypothesis by using a panel of building-level rents from Minneapolis, Minnesota, observed between 2000 and 2018. While we find no effect of new high-end housing on the market overall, we find countervailing effects of new construction on different parts of the rental market when broken out separately. We find that lower-priced rental housing close to new construction had rents 4.4% higher than those in other low-quality buildings farther away in the first 5 years after new construction. In contrast, we find that new construction had the opposite effect on higher-priced housing: rents were 1.7% lower near new construction. This study reiterates the importance of housing submarket theory and how focusing solely on average effects of housing interventions may miss important and nuanced effects across different parts of the market.

Newly published housing research! We find that the effects of new construction on rents varies by the quality of the existing housing. In the first 5 years rents went up 4.4% near low quality buildings and went down 1.7% near high quality buildings (1/x) 🧵
www.tandfonline.com/doi/full/10....

Who Owns Atlanta? Search Atlanta-area property ownership. Track corporate landlords and ownership networks across 615,000 parcels.

Introducing Who Owns Atlanta? who-owns-atlanta.org an open-source project mapping the ownership networks of 615k+ properties in and around the City of Atlanta.

From the researcher tracking 1000s of parcels to residents trying to find absentee landlords, this is for you. You, too, nosy neighbors.

‪The latest ‪@njpolicylab.bsky.social‬ report written by professors @ericseymour.bsky.social & @willbpayne.bsky.social looks at corporate ownership of 1–4-unit residential properties in #NJ. Between 2012 and 2022 ownership more than doubled. policylab.rutgers.edu/publication/...

Between 2012 and 2022, corporate ownership of 1–4-unit residential properties more than doubled in #NJ, according to this latest report from NJSPL and authored by #Rutgers researchers @ericseymour.bsky.social & @willbpayne.bsky.social:
policylab.rutgers.edu/publication/...

Mapping Corporate Landlords in New Jersey - New Jersey State Policy Lab As part of our ongoing research project supported by the New Jersey State Policy Lab, we are examining the growth of corporate ownership in the state’s small residential property market. Our focus is ...

Professor Eric Seymour @ericseymour.bsky.social found higher #corporate ownership rates of small, 1- to 4-unit properties appear in a range of #NJ municipalities, including Trenton, New Brunswick, Atlantic City, Asbury Park, and Newark. policylab.rutgers.edu/publication/...

Research Assistant/Sr. Research Assistant Company Federal Reserve Bank of Philadelphia Job Description Summary Research assistants (RAs) at the Philadelphia Fed play a key role in the Economic Research Department. Whether they are helping eco...

I am looking for a research assistant to work with me on the development of U.S. housing markets. Experience with ArcGIS, Stata useful. We build datasets that allow us to understand housing affordability, the impacts of transit and zoning, and more:
rb.wd5.myworkdayjobs.com/en-US/FRS/jo...

Who Are Corporate Landlords Acquiring Homes From? Examining Property Transitions in New Jersey - New Jersey State Policy Lab In this fifth blog post on our research into corporate ownership of New Jersey’s one- to four-unit residential properties, we share more preliminary findings from our analysis of changes in property o...

Approximately 19% of Trenton's one- to four-unit #housing properties transitioned to corporate ownership between 2012 & 2022, totaling just over 4,000 properties in the Garden State capital, according to new research from @ericseymour.bsky.social w/ @bloustein.rutgers.edu:

#Rutgers #NJ #NewJersey

Congrats, Mark! Well deserved.

Sage Journals: Discover world-class research Subscription and open access journals from Sage, the world's leading independent academic publisher.

New paper in Urban Studies on landlord harm in Los Angeles. We find that tenants in rent-controlled buildings and gentrifying census tracts were 14.8 and 9.4 percentage points more likely to experience harassment, respectively. journals.sagepub.com/doi/abs/10.1...

Planning researchers, educators and students I know of on Bluesky.

go.bsky.app/GxG4vvM

A hybrid deep learning method for identifying topics in large-scale urban text data: Benefits and trade-offs Large-scale text data from public sources, including social media or online platforms, can expand urban planners' ability to monitor and analyze urban…

Our recent article has been published in CEUS: www.sciencedirect.com/science/arti...

We use AI to identify topics discussed in LA rental listings' text to understand the subtle language of discrimination and other gatekeeping obstacles to housing.

A short thread...

New Research Thread🧵:
We examine the spatial patterns and eviction rates of single-family landlords in the Twin Cities. We find Private Equity firms and REITs each have their own distinct geographies and evict tenants at higher rates than smaller landlords. 1/

New paper with @danimmergluck.bsky.social and Jeremy Walker that came out of my stats class in spring of 2020, haha.

We use a city-wide property condition survey to disrupt the notion that institutional SFR investors who often have the most capital are going to buy the "worst of the worst."