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NYC Department of Housing Preservation & Development
Press Room

FOR IMMEDIATE RELEASE

October 7, 2002

Press Contacts:
Carol Abrams (212) 863-5176
Kim Brown (212) 863-8076

Housing New York City 1999 is on sale at The City Store

Housing Commissioner Jerilyn Perine announced that Housing New York City 1999 is available for purchase at The City Store. The report is based on the 1999 NYC Housing and Vacancy Survey which was conducted by the U.S. Bureau of the Census for the City of New York. For the first time the report is available on a CD-ROM as well as in book format.

Viewed at its most basic, Housing New York City 1999 is a report required every three years by State and City rent regulation laws and is designed to determine New York City's overall vacancy rate for rental housing by employing the most accurate and objective sampling and analytical techniques. Considered more broadly, Housing New York City 1999 is the most comprehensive housing market survey conducted in any city in the United States. Because such a survey has been conducted in New York City since 1965, it not only provides a critical snapshot of the City's housing conditions in 1999, but also provides invaluable historical insight about trends and changes in New York City's housing market over the last three decades.

As a result, the report and the data it presents are key tools in understanding the dynamics of the City's housing market and should provide information that will further our understanding of how New Yorkers live in neighborhoods throughout the City. Some of the findings in the report include the following:

  • The City's housing inventory had its largest growth in over a decade and now exceeds 3 million.
  • Overall housing and neighborhood physical conditions in the City are the best they have been since HVS started measuring these conditions in the 1970's. The rate of dilapidation in 1999 was only 1%, the lowest it's ever been since the survey began in 1965.
  • Between 1996 and 1999 the number of owner households increased at five times the rate of increase during the preceding decade, increasing the City's homeownership rate to 32%. Of those New Yorkers who own their own home, 30% purchased their homes between January 1995 and June 1999.

The 1999 report differs from the past in some important ways. For the first time, data on immigrant households and their housing characteristics, such as crowding and housing and neighborhood conditions, are presented in detail. The return of units to the marketplace that were previously lost and the City's role in their return is described. A comparison with the 2000 Census results is provided for all comparable data.

Purchasing Information
The publication is $30 and may be purchased on-line at www.nyc.gov/citystore. You can also purchase the book and/or CD ROM in person at The City Store at 1 Centre Street (the Municipal Building's North Plaza), Manhattan, Monday through Friday from 9:00am-4:30pm, or by phone at (212) 669-8246.

"Housing conditions in our city will continue to change and evolve as the years pass. It is important for us to be aware of these changes and work toward improving housing conditions in the future," said Commissioner Perine.




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