The available stock of both single-family and townhouses for sale has been progressively falling since July 2021 when it reached a pandemic peak. But even that peak was close to a third of numbers ten years prior.
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Michael Lahr
New Jersey Policy Lab: A Primer on Housing Markets with a Bird’s Eye View on New Jersey
Expect telecommuting and surge of millennials forming families to push housing demands in NJ, especially in “good” school districts. Lahr notes a widening gap between housing starts and completions–due to supply chain challenges–and considers pandemic impacts on low-income households.
Philadelphia’s soda tax added jobs thanks to increased funding for child care, a new study says
The Rutgers study took a macroeconomic approach in an attempt to look at the ripple effects of the tax, and not just its impact on directly affected industries. Michael L. Lahr, a public policy professor at Rutgers and the study’s primary author, said he expected to...
Philadelphia’s Pre-K program, funded by Beverage Tax, helps the city’s children, families, and economy
The release of the study comes in the context of a larger national debate about increasing public funding for child care and pre-K programs.
New R/ECON report: NJ gets about 75 cents on each dollar that it sends to Washington
This is substantially less than reported in the Rockefeller Report, but is consistent with other reports in that New Jersey remains among the top ranked states in getting less than they send to Washington, D.C.
NJ economy is recovering from COVID, but don’t hold your breath
A new report finds it will take years for the New Jersey economy to recover from the COVID-19 pandemic. But a complete job-loss rebound could take decades. According to Michael Lahr, a professor of planning and public policy and director of the Rutgers...
Michael Lahr promoted to Distinguished Research Professor
Dr. Lahr serves as the Director of the Rutgers Economic Advisory Service (R/ECON™), which provides economic analysis of public policy issues for New Jersey and the region, and is also editor of the Economic Systems Research journal.
Rutgers professors co-sign ‘climate emergency’ report
A “climate emergency” has been declared in a new report signed by 11,258 academics from around the world, including two professors from Rutgers University, according to an article in The Washington Post. Michael Lahr, a research professor at the Edward J. Bloustein...
New Jersey gave companies credit for millions in ‘phantom’ property taxes to qualify for incentives
“Why would you include property taxes as a benefit when you’re not collecting them?” said Michael Lahr, director of Rutgers Economic Advisory Service. Lahr was part of a team at Rutgers that evaluated the cost-benefit model for the tax-credit awards last year, and...
R/ECON conference to discuss NJ's legacy a decade after the start of the Great Recession, Jan. 10
New Jersey has been fundamentally transformed during the long recovery from the Great Recession. What impact does this have on the state’s future economic prospects? On Wednesday, January 10, 2018, the R/ECON semiannual subscriber conference, "New Jersey’s Legacy a...