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RentHop: Supply of new housing not keeping pace with population, job growth

(BIZ Journals) - 1 years, 6 months ago
 Rent has skyrocketed in major cities, especially in New York. Earlier this year, it was reported that rent prices were increasing twice as fast as wages. Less time, however, has been focused on how New York's construction trends have also had an effect on rent growth. To learn more, we turned to RentHop, which recently published a report illustrating how the supply of new housing has not kept pace with population and job growth. The trend was not exclusive to New York City. See the infog...
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