housing costs

The Project Director for Housing Policy at the Pew Charitable Trusts, Alex Horowitz, told State Lawmakers removing barriers to construction and zoning restrictions has lowered rents in other states and cities, which could greatly benefit New Mexico, where rents rose almost 60% over a seven year period ending in 2024.

Lawmakers hear stalled construction leads to high rents and more homelessness

Daniel Montaño

Housing expert with the Pew charitable Trusts, Alex Horowitz, gave a presentation to lawmakers Tuesday about New Mexico’s housing shortage, and possible solutions that have already been proven in several other states.

A for rent sign in Palo Alto, California. Across the country rents are on the rise, in part due to a historic shortage of homes either to rent or buy.

Local News

New report shows rising rent and homelessness are contributing to housing insecurity

Jeanette DeDios

New Mexico’s poverty rate is sitting at 18.1%, which is 5.7% higher than the national average. This contributes to the state’s unstable housing challenges.

More than a third of renters in every state are cost-burdened, but that figure is even higher in New Mexico.

Local News

New study finds New Mexico renters are still struggling

Megan Myscofski

A new study on housing says rental markets are cooling off across the country, including in Western states where demand has been especially high since the beginning of the pandemic.New Mexico stands out in the study for having a late but fast-moving boom in its rate of cost-burdened renters.