NYC rents rising at rate outpacing inflation
Census data show housing availability and affordability continuing to be a serious problem for New Yorkers
New York
NEW York City rents rose faster than inflation over the past three years, continuing a housing squeeze that has been particularly felt by lower-income tenants and shows no signs of abating, new figures from the Census Bureau show.
The results of the bureau's Housing and Vacancy Survey, a snapshot of the city's housing market taken every three years, comes as city and state officials are deciding housing budgets for the city's fiscal year that begins July 1 and are about to negotiate rent laws. The findings also lend urgency to Mayor Bill de Blasio's plan to build and preserve more affordable housing.
