flexiblefullpage - default
Currently Reading

Rent Control Is Making Its Way Onto the November Ballot as Housing Costs Soar Across the U.S.

billboard - default
Government + Policy

Rent Control Is Making Its Way Onto the November Ballot as Housing Costs Soar Across the U.S.

Americans are lobbying for more comprehensive ballot measures that seek to limit rent hikes after consecutive months of steep price increases

November 2, 2022
Protestor holding sign that reads "We want rent control, not you controlling our rent."
Image: Stock.adobe.com

As disgruntled tenants lobby for rent control in a high-cost housing market, new residential policies are making their way onto the ballot this November, Fortune reports. Soaring rental costs, runaway inflation, and a dwindling supply of affordable housing units are opening up conversations about new regulations that could limit rent hikes which are exacerbating an existing affordability crisis.

In markets like Orange County, FL, voters will consider a ballot initiative that seeks to limit rent increases to the annual increase in the consumer price index, and similar measures are finding their way into regional elections all across the U.S.

Last year, voters in St. Paul, Minnesota, passed a ballot measure capping rents at 3% a year while residents across the river in Minneapolis backed a measure allowing the city council to enact a rent control ordinance.

This summer, Kingston, New York, became the first upstate city to enact rent control. The measure means around 1,200 units — buildings built before 1974 with six or more units — must limit rents to a percentage set by a rent guidelines board.

Read more

leaderboard2 - default

Related Stories

Housing Policy + Finance

Even With Inflation Running Hot and Elevated Mortgage Rates, Buyer Demand Rises

Mortgage rates will likely stay high for the next few months, but that doesn't seem to be deterring homebuyers

Housing Policy + Finance

The Garden State Takes a New Approach to Expanding Affordable Housing

Recent legislation in New Jersey could provide inspiration for eliminating affordable housing hurdles in other places with strong housing markets

Housing Policy + Finance

Housing As Health Care: The Debate Continues

As more states channel Medicaid money into housing, the debate around whether states should use public health insurance money to provide housing is intensifying

boombox1 -
native1 - default
halfpage2 -

More in Category

Delaware-based Schell Brothers, our 2023 Builder of the Year, brings a refreshing approach to delivering homes and measuring success with an overriding mission of happiness

NAHB Chairman's Message: In a challenging business environment for home builders, and with higher housing costs for families, the National Association of Home Builders is working to help home builders better meet the nation's housing needs

Sure there are challenges, but overall, Pro Builder's annual Housing Forecast Survey finds home builders are optimistic about the coming year

native2 - default
halfpage1 -

Create an account

By creating an account, you agree to Pro Builder's terms of service and privacy policy.

Daily Feed Newsletter

Get Pro Builder in your inbox

Each day, Pro Builder's editors assemble the latest breaking industry news, hottest trends, and most relevant research, delivered to your inbox.

Save the stories you care about

Lorem ipsum dolor sit amet lorem ipsum dolor sit amet lorem ipsum dolor sit amet.

The bookmark icon allows you to save any story to your account to read it later
Tap it once to save, and tap it again to unsave

It looks like you’re using an ad-blocker!

Pro Builder is an advertisting supported site and we noticed you have ad-blocking enabled in your browser. There are two ways you can keep reading:

Disable your ad-blocker
Disable now
Subscribe to Pro Builder
Already a member? Sign in
Become a Member

Subscribe to Pro Builder for unlimited access

Lorem ipsum dolor sit amet, consectetur adipisicing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua.