New Jersey is amidst a deepening housing crisis—particularly an affordability crisis. In all corners of the state, longtime residents are being priced out of their homes as housing costs soar. In fact, according to the National Low Income Housing Coalition, New Jersey has a shortage of over 200,000 housing units for low-income residents. Newark now ranks as the most difficult city in the United States to find a rental property. More than one-third of New Jersey residents are cost-burdened, meaning that they spend more than 30% of their income on housing. These statistics make one thing clear: New Jersey’s housing crisis cannot be ignored.
Posts Tagged ‘housing costs’
Building the Future: Actions to Achieve Great Homes and Neighborhoods in New Jersey and Beyond
Monday, June 30th, 2025The Road Ahead: Why Housing Trends Will Shape New Jersey’s Future
Thursday, June 26th, 2025On Day 1 of the New Jersey Planning and Redevelopment Conference, the keynote session “The Road Ahead: Economic, Housing, and Real Estate Trends” painted a clear picture of the challenges and opportunities shaping New Jersey’s housing future—and why the stakes are higher than ever.
More Home Choices for New Jersey: How Accessory Dwelling Units Can Help Solve Our Housing Shortage
Thursday, May 15th, 2025If you’ve tried finding a home in New Jersey recently, you already know: the rent is too high, buying a home feels impossible, and competition is fierce. Rentals disappear overnight and homebuyers face bidding wars that drive prices out of reach. Why is it so difficult to find an affordable place to live?
The Future of Housing in New Jersey
Thursday, November 30th, 2023Housing shapes communities while communities shape the quality of life and access to opportunities for each of us. Local officials are on the front lines of housing development, shaping what kind of housing gets built, where it can be constructed, and the local roads and sidewalks residents use to get from their homes to everywhere else.
With Recession in the Forecast, How Prepared is NJ’s Economy for Upcoming Rain?
Thursday, July 20th, 2023As the world slowly but surely emerges from the challenges of the COVID-19 pandemic, all of us are evaluating the new parameters of our state and national economies that have experienced stimulus spending, historic inflation, supply chain disruptions, and high interest rates all in quick succession.