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Pump Up The Volume
PUMP UP THE VOLUME: Recommendations to Improve the Allocation of Private Activity Bonds to Better Support New York’s Housing
Over 49,000 units of affordable housing have been created in New York City using tax-exempt private activity bonds (PABs) in the past nine years, and this resource will continue to be an important component for Mayor De Blasio’s Housing Plan to be a success.
However, while information on other City, State and Federal housing resources is readily available, there is limited publicly available information on the allocation, demand and use of PABs in New York State.
Between 2005 and 2013, the …Read more
NYC Behind National Increase
New York City continues to lag the national increase in home sale prices. While the NYC metro area posted its first positive seasonally adjusted increase in three months, the non seasonally adjusted numbers show continuing decline. The nation as a whole is much more positive with the national 10 city index showing an increase of 0.9% to NYC’s 0.2%. For the one year, year over year changes NYC is still the only metro area in the US showing a decline.
Case Shiller Up Again, Though NY Metro Dips
Nationally the seasonally adjusted Case Shiller Index has shown its eighth consecutive monthly gain, rising 0.3% from August 2012 to September 2012. The not so good news is that the New York metro area showed a -0.1% decline for the same period and is still -2.3% below its standing of 12 months ago.Read more
Case Shiller National Index Declines for September
The release of the Case Shiller Home Price Index shows a 1.2% decline in the seasonally adjusted index for the month to month change from August to September 2011 and a trivial increase of 0.1% in the unadjusted number. The New York metro area also showed a trivial improvement of 0.2% in the seasonally adjusted number and 0.1% in the non adjusted number. Nationally these results bring us back to home price levels of approximately early 2003 and brings New York back to about mid 2004.Read more