We’re seeing this locally as well, but as the historic trend shows, it will come back.

There’s a shortage of homes on the market, and it’s driving up house prices and rents, especially for average earners living in high-cost markets. This is the big takeaway from Harvard’s massive study from the Joint Center for Housing Studies released recently on the state of the nation’s housing market. The gist is that the housing market is constrained by production that has been below historical levels for more than a decade.

Source: Harvard: There’s a housing shortage, and it’s eroding affordability | HousingWire

A few art deco buildings in Newark are being refined and revived into new buildings with apartments and more.

The art deco movement in architecture came to Newark in a big way in the early years of The Depression, just as it did across the river.

Source: Art Deco Buildings Turned Newark from Frankenstein Monster to Place of Refinement. | TAPinto

There is a new mandate in Newark that impacts developers. If you build apartment buildings in Newark, New Jersey then you’ll want to pay attention.

It’s been just six months since Newark’s inclusionary zoning law took full effect across the city. But officials say it’s already showing results.

Source: Newark Developers Adjusting to New Inclusionary Zoning Mandate – Next City

Newark is attracting a lot of new tech companies, and it’s nice to see that recognized by the mayor of Newark and the president of NJIT.

But also that newark will be bringing 5G wireless ad other smart technologies to the city.

“Access to technology gives us a means to communicate with our residents,” Newark Mayor Ras Baraka told attendees. “We are definitely thinking innovatively about those things.”

Source: ‘Smart Cities’ conference highlights Newark’s tech infrastructure – NJBIZ