Tag: affordability

A Top Barrier to Homeownership May Be Easing

A Top Barrier to Homeownership May Be Easing

A recent Eye on Housing blog post revealed that 53% of buyers actively searching for a home to buy in the first quarter of 2019 have been looking unsuccessfully for at least three months. View the top reasons why is it taking these buyers so long to pull the trigger.

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Housing Affordability Holds Steady on a Year-Over-Year Basis

Filed in Economics by on May 9, 2019 0 Comments
Housing Affordability Holds Steady on a Year-Over-Year Basis

Lower home prices, declining mortgage rates and solid income gains contributed to a rise in housing affordability in the first quarter of 2019. However, affordability is roughly the same as it was a year ago.

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Workforce Housing Project Revitalizes Urban Neighborhood

Filed in Affordability, Land Development, Multifamily by on April 23, 2019 0 Comments
Workforce Housing Project Revitalizes Urban Neighborhood

The mission of Oxford Mills was to create a vibrant, synergistic, education-based community of teacher housing and nonprofit organizations. Ninety of the apartments are rented to residents earning up to 80 percent AMI, with 68 of those reserved for area teachers.

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NAHB Chief Economist Testifies on Housing Affordability at Massachusetts Legislature

Filed in Affordability, Economics, Homeownership by on April 2, 2019 0 Comments
NAHB Chief Economist Testifies on Housing Affordability at Massachusetts Legislature

NAHB Chief Economist Robert Dietz told Massachusetts state policymakers today that growing affordability challenges for renters and home buyers stemming from years of underproduction and rising regulatory costs associated with land development and home building are having negative economic repercussions

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Strong Communication Efforts Essential to Mixed-Income DC-Area Project

Filed in Affordability by on March 27, 2019 0 Comments
Strong Communication Efforts Essential to Mixed-Income DC-Area Project

A limited supply of land, a shortage of skilled labor and rising fees are all contributing to higher prices weighing on the housing affordability crisis. In many areas, less tangible factors such as community perceptions, expectations and demands also play an important role in determining the availability and cost of housing. Learn how a successful collaboration between a local housing authority, developer and municipality, fueled by ongoing internal and external communications efforts to address public concerns, resulted a mixed-income project to serve multiple members of the community.

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Va. Governor Signs Affordable Housing Fee Waiver Bill

Filed in Home Building, Housing Finance by on March 22, 2019 0 Comments
Va. Governor Signs Affordable Housing Fee Waiver Bill

Virginia Governor Ralph Northam last week Signed HB 2229, legislation aimed at reducing impediments to the financing, development and construction of affordable housing units. The bill will be become effective July 1, 2019.

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Home Prices are the Principal Barrier to Homeownership

Filed in Economics, Housing Trends by on February 18, 2019 1 Comment
Home Prices are the Principal Barrier to Homeownership

A recent Eye on Housing blog post revealed that 58% of buyers actively searching for a home to buy in the fourth quarter of 2018 have been looking unsuccessfully for at least three months. Find out why it is it taking these buyers so long to pull the trigger.

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Arkansas Senate Overwhelmingly Passes Housing Affordability Bill

Filed in Construction Industry, Homeownership by on February 7, 2019 0 Comments
Arkansas Senate Overwhelmingly Passes Housing Affordability Bill

At the urging of local citizens and the housing community, the Arkansas Senate yesterday passed SB 170, legislation that would prevent cities and counties from regulating building design that would needlessly raise the cost of housing.

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Older Americans Increasingly Burdened by Housing Costs

Filed in Economics, Housing Trends by on January 15, 2019 0 Comments
Older Americans Increasingly Burdened by Housing Costs

The housing industry continues to deal with an affordability crisis, and a new report reaffirms that an alarming portion of American households are over burdened with housing costs.

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Small Rise in Home Prices and Mortgage Rates Has Big Effect on Affordability

Filed in Economics by on January 8, 2019 4 Comments
Small Rise in Home Prices and Mortgage Rates Has Big Effect on Affordability

It only takes a small uptick in home prices and mortgage rates to price more than 1 million potential home buyers out of the market for a median-priced home. For example, $1,000 might sound insignificant when compared to the overall price of a new home. But that relatively small amount has a surprisingly big impact on affordability.

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