Housing Affordability
NAHB Statement on NewDEAL Forum Housing Strategy
NAHB commends the NewDEAL Forum’s Renewing America Task Force for making housing a national priority and issuing a blueprint for state and local leaders to help renters and small business property owners who have been hurt by the coronavirus pandemic.
Housing Affordability Hits 18-Month Low on Lack of Supply, Higher Prices
Despite low interest rates, a supply shortage coupled with rising home prices contributed to a decline in housing affordability in the second quarter of 2020, according to the NAHB/Wells Fargo Housing Opportunity Index (HOI) released today.
Multiple Offers for Homes on the Market are Becoming More Common
In a sign that the inventory of for-sale homes remains tight, NAHB’s quarterly Housing Trends Report reveals that more buyers are finding their home search delayed because of a rising number of multiple offers on the same property. The survey found 30% of active buyers reported getting outbid by another buyer in the second quarter of 2020, significantly higher than the comparable 18% share a year earlier.
NAHB Moves Swiftly to Advance Cause of Fair Housing
President Trump tweeted comments on repealing the Affirmatively Furthering Fair Housing rule earlier this week that caused concern within the housing community. While NAHB cannot excuse the remarks that were made by the president, NAHB moved into action by reaching out to the White House and succeeded in getting the administration to agree to a meeting.
Addressing Labor Shortage Key to Improving Affordability, Providing Job Opportunities in Wake of COVID-19
The coronavirus has affected the economy in a number of ways — one being the housing market. A recent episode of the “Building the Dream” series from TheHill.TV looks at housing as an area that can boost the economic recovery, but only if the workforce is in place to do it.
How Timber Housing Can Meet Housing Demand and Occupant Needs
If the housing supply is to meet demand, the construction industry will need to innovate how it can deliver high-quality multifamily buildings more efficiently. Mass timber promises such a disruption.
Affordability Expectations Show Slight Improvement
Just 24% of prospective buyers can afford at least half the homes available in their markets, according to the second quarter of 2020’s Housing Trends Report.
Addressing the Needs of Middle-Income Seniors
The “missing middle” of seniors have too much income to qualify for public assistance, but they are not affluent enough to access different housing choices or personal services. So how does the home building industry provide the kind of housing this population wants and needs?
A Vital Lifeline for the Production of Affordable Housing
The Low-Income Housing Tax Credit (LIHTC) plays a critical role in the housing market by ensuring a supply of attainable rental housing. And with the nation in the midst of a housing affordability crisis and struggling with the COVID-19 pandemic, the LIHTC is more important than ever.
New Freddie Mac Study Reveals Growing Interest in ADUs
Using the 1997-2019 Multiple Listing Service (MLS) transactions data, a new Freddie Mac study identified 1.4 million properties with ADUs in the United States. The South and West are the fastest growing regions for ADUs, with top markets including Portland, Dallas, Seattle, Los Angeles and Miami.
