Affordability

Industry Leaders to Share Insights on Barriers to Homeownership

Filed in Affordability by on February 14, 2020 0 Comments
Industry Leaders to Share Insights on Barriers to Homeownership

NAHB’s Election 2020 series with The Hill continues in Charlotte, N.C., on Thursday, Feb. 20, at 8:30 a.m. Tune in to the event’s livestream, which will be available through The Hill’s “Building the Dream: Charlotte” webpage, to watch as state and local government officials, industry leaders and community partners share their insights on the challenges of housing affordability.

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Housing Affordability Crisis Explained in One Graph

Filed in Affordability, Economics by on February 13, 2020 2 Comments
Housing Affordability Crisis Explained in One Graph

NAHB’s housing affordability pyramid reveals that 63 million households out of a total of 120 million are unable to afford a $250,000 home.

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Los Angeles Takes Top Spot as Nation’s Least Affordable Housing Market

Filed in Affordability, Economics by on February 13, 2020 0 Comments
Los Angeles Takes Top Spot as Nation’s Least Affordable Housing Market

San Francisco, which has been the nation’s least affordable major housing market for the past two years, was supplanted by Los Angeles in the fourth quarter of 2019, according to the NAHB/Wells Fargo Housing Opportunity Index (HOI) released today.

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NAHB Testifies House Energy Bill Would Harm Housing Affordability

NAHB Testifies House Energy Bill Would Harm Housing Affordability

NAHB today urged the House to oppose to H.R. 3962, the Energy Savings and Industrial Competitiveness Act of 2019, warning that the legislation would exacerbate the nation’s housing affordability woes.

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How Zoning and Regulations Can Produce Barriers to Housing Affordability

Filed in Affordability by on February 3, 2020 1 Comment
How Zoning and Regulations Can Produce Barriers to Housing Affordability

Despite improved conditions in the housing industry, a recent episode from The Hill.TV highlights how communities are still grappling with how to overcome the challenges of housing affordability for many of their residents. Cities such as Washington, D.C., have seen housing prices vastly outgrow household income gains, putting homeownership increasingly out of reach.

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President Signs USMCA Trade Pact

Filed in Affordability, Trade by on January 29, 2020 0 Comments
President Signs USMCA Trade Pact

In a positive development on the housing affordability front, President Trump today signed the U.S.-Mexico-Canada Agreement (USMCA).

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$1,000 Makes a Big Difference in Housing Affordability

Filed in Affordability, Economics by on January 29, 2020 0 Comments
$1,000 Makes a Big Difference in Housing Affordability

A recent study from NAHB determined that for every $1,000 increase in the cost of today’s median U.S. home price, 158,857 American households are “priced out” and would no longer be able to afford it.

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Millennials Will Dominate the Mortgage Market in 2020

Millennials Will Dominate the Mortgage Market in 2020

Experts predict markets in the South and West will experience the highest housing activity in 2020, as more millennials move out of big cities in search of more affordable areas.

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HUD Secretary Cites Work to Ease Affordability Woes

Filed in Affordability, International Builders' Show by on January 23, 2020 0 Comments
HUD Secretary Cites Work to Ease Affordability Woes

In an address before the NAHB Leadership Council in Las Vegas, HUD Secretary Ben Carson said today he is committed to working with the association and other stakeholders to seek solutions to the nation’s housing affordability crisis.

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Smaller Townhouses Help Address Missing Middle Housing Issue

Filed in Affordability, Land Development by on January 16, 2020 3 Comments
Smaller Townhouses Help Address Missing Middle Housing Issue

NAHB continues to dive into ongoing concerns over housing affordability, including its “Diversifying Housing Options with Smaller Lots and Smaller Homes” report. The report identifies ordinances and codes that enable the construction of more varied housing types and smaller, more affordable homes, including the form-based code for greenfield development used in the Mews Townhouse Units in South Jordan, Utah.

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