All articles tagged with #housing crisis
Demolitions and torching of shanties in Makoko, Lagos’s largest informal waterfront settlement, have displaced more than 10,000 residents and destroyed thousands of homes. Officials say removals are to curb safety risks from high-voltage lines, but critics accuse the move of land-grabbing to pave the way for upscale development, with protests, tear-gas clashes, and reports of deaths and lost livelihoods.
China says its economy grew 5% last year, meeting the official target despite a late-year slowdown to 4.5% and a four-year housing downturn; a record $1.2 trillion trade surplus and market diversification helped as analysts caution about domestic weaknesses and potential distortions in official statistics.
California Governor Gavin Newsom plans to propose regulations targeting large corporate landlords to address housing affordability, aligning with similar rhetoric from President Trump, as part of a broader populist approach to blame big investors for the housing crisis, though experts debate the effectiveness of such measures.
NYC Mayor Zohran Mamdani announced upcoming 'Rental Ripoff' hearings across all five boroughs to address housing issues, gather tenant testimonies, and combat unfair practices, with a report to follow. He also appointed Dina Levy as the new housing commissioner to help tackle the housing crisis.
Zohran Mamdani was sworn in as NYC's first Muslim mayor and the youngest in over a century, promising to govern expansively as a Democratic socialist. On his first day, he signed executive orders to address the housing crisis, rescinding those from his predecessor, and emphasized a commitment to housing quality and combating antisemitism, while affirming his principles and bold approach to governance.
Over 100 families in Cary's Chatham Estates mobile home park are facing eviction by June 2026 due to the sale and redevelopment plans, which include building new multifamily units and townhouses, raising concerns about affordability and displacement, with some residents seeking alternative housing options.
Federal policy changes threaten to cut over $25 million in funding for homelessness programs in Multnomah County, risking the displacement of around 800 households, as the county prepares to seek alternative funding sources and potentially halt new housing projects amidst ongoing legal and political challenges.
Spain fined Airbnb 75 million dollars for advertising unlicensed tourist rentals that lacked proper license information, amid ongoing efforts to address the country's housing affordability crisis. Airbnb plans to challenge the fine and is working to comply with new registration requirements.
Spain has fined Airbnb 75 million dollars for advertising unlicensed tourist rentals, as part of efforts to address housing affordability issues and regulate short-term rental platforms. The government is cracking down on unlicensed listings, which are believed to contribute to rising housing costs, especially in city centers. Airbnb plans to challenge the fine and is working to comply with new registration requirements.
The mayor of Barcelona warns that Europe's soaring housing costs are a 'new pandemic,' urging the EU to allocate billions for affordable housing to address a social emergency impacting millions and threatening democratic stability.
Los Angeles City Council has approved reforms to its rent control laws for the first time in 40 years, capping annual rent increases at 4% and eliminating a utility surcharge, aiming to make housing more affordable amid a housing crisis, though critics argue it could hinder new development.
Maxwell House launched a viral marketing campaign rebranding as 'Maxwell Apartment Coffee' to humorously address the US housing crisis, highlighting the unaffordability of homes with a playful 'lease' of coffee, while the real housing market remains increasingly inaccessible for first-time buyers.
New tariffs imposed by President Trump on building materials are expected to significantly increase the cost of home construction in the US, exacerbating the country's severe housing shortage and homelessness crisis.
New tariffs imposed by President Trump on imported building materials are significantly increasing construction costs, exacerbating the US housing crisis by making homes more expensive and limiting affordability amid a severe shortage of housing and rising homelessness.
As housing costs rise, more Americans, especially low-income families, are living full-time in RVs due to affordability issues, facing challenges like limited space, maintenance costs, and lack of traditional amenities, highlighting a growing housing crisis and the need for affordable housing solutions.