Airbnb and house-sharing firms reduced New York housing stock by 10% – study

Research by affordable housing advocacy groups finds more than 55% of listings in city on Airbnb are illegal, and 30% are listed by commercial hosts

Short-term rental companies like Airbnb are flooding New York City's housing market, reducing available housing stock citywide by 10%, a new study has revealed.

More than 55% of rooms or apartments listed on Airbnb in New York are illegal, according to the report, which is the result of research commissioned by two affordable housing advocacy groups: Housing Conservation Coordinators and MFY Legal Services.