New York Population Loss: Newsday Highlights Cost of Housing, Low Inventory

"New York has lost more than 800,000 residents to other states since 2020, the most of any state by share of population, but independent studies show the reasons for this post-pandemic exodus are complex and go well beyond the usual gripes about high taxes and bad weather," reported Newsday in a recent cover story. 

"State Comptroller Thomas DiNapoli (D) reported in February that between 2012 and 2022, New York State added 5.7% more housing units, which was far below other states and ranked New York the 32nd state in terms of housing production. Further, renter-occupied residences grew more slowly than single-family homes, which can be more lucrative to build. That contributed to what DiNapoli calls a crisis in which monthly household costs grew by 39% for renters during the 10-year period and by 28% for homeowners."