CityRealty Insider > New Developments in the News

New Developments in the News

JANUARY 24, 2011

A new city initiative addresses deteriorating conditions at residential buildings; single-family homes are getting smaller and making better use of space.

The city recently announced a new initiative to aggressively identify and address deteriorating conditions in multifamily residential buildings. Currently the city relies on 311 complaints to keep track of problem buildings, a strategy Mayor Bloomberg dismissed as “simply waiting for tenants to complain about poor conditions or irresponsible landlords.” Ideally the new initiative will allow the use of data on properties, building owners and neighborhoods to identify buildings that are vulnerable or in decline to proactively fix the situation before it worsens.

A report by the National Association of Home Builders indicates that the average size of US single-family homes continues to dip. Sprawling McMansions are falling increasingly out of favor as square footage and the average number of bedrooms shrinks. More predictions: Seldom-used spaces like entry foyers and formal dining rooms will disappear, and master bedrooms will relocate to the ground floor as residents age in their current homes and want to avoid the challenge presented by stairs.

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