Affordability

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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3 Ways to Make Housing Options Work

Filed in Affordability, Land Development by on January 10, 2020 0 Comments
3 Ways to Make Housing Options Work

Media coverage recently has detailed the growing housing affordability shortage in the United States, discussing how local zoning remains a barrier to greater access to housing. Communities can work to address this shortage by updating ordinances that promote single-family detached and large multifamily buildings, with few options between.

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A Decade of Home Building: The Long Recovery of the 2010s

Filed in Affordability, Economics, Housing Trends by on January 6, 2020 8 Comments
A Decade of Home Building: The Long Recovery of the 2010s

The 2010s was by far the lowest decade of single-family production in the last 60 years. During this 10-year period, single-family home construction totaled just 6.8 million units. By comparison, single-family starts ranged from 9.3 million units in the 1960s to 12.3 million in the 2000s.

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Increased Supply and Collaboration Needed to Combat Housing Affordability Crisis

Filed in Affordability by on December 12, 2019 2 Comments
Increased Supply and Collaboration Needed to Combat Housing Affordability Crisis

The Hill spotlights the overall impact of the housing affordability crisis in a new video segment following NAHB’s Election 2020 event in Minneapolis. The segment provides an overview of the topics surrounding the crisis, and features interviews from community panelists at the Minneapolis event and subject matter experts.

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MIT Report Spotlights Need to Reform Policies on Factory-Built Housing

MIT Report Spotlights Need to Reform Policies on Factory-Built Housing

According to a new study from the MIT Humanitarian Supply Chain Lab, factory-built houses — i.e., modular, panelized or pre-assembled homes — could help increase affordable housing stock and significantly aid in disaster response and recovery. However, factory-built homes comprise only 3% of single-family homes in the United States. What can be done to better utilize these types of homes?

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Home Prices Continue to Rise with Strong Demand and Tight Inventory

Filed in Affordability, Economics by on December 2, 2019 3 Comments
Home Prices Continue to Rise with Strong Demand and Tight Inventory

National home prices rose at a faster annual growth rate in September compared to the previous month.

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