Tag: affordability

Home Prices are the Principal Barrier to Homeownership

Filed in Economics, Housing Trends by on February 18, 2019 0 Comments
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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Affordability Tops the Agenda in the Year Ahead

Filed in Capitol Hill by on January 3, 2019 4 Comments
Affordability Tops the Agenda in the Year Ahead

Addressing housing affordability concerns will be a top issue for NAHB in 2019 and we will be working with Congress and the administration to achieve this goal.

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Most Americans Cite a Housing Affordability Crisis Nationwide and Close to Home

Filed in Economics, Home Building by on December 4, 2018 11 Comments
Most Americans Cite a Housing Affordability Crisis Nationwide and Close to Home

Nearly three out of four American households believe that the nation is suffering a housing affordability crisis, and a majority of respondents reported this is a problem at their local and state level as well, according to a new nationwide survey conducted on behalf of NAHB.

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30-Year Mortgage Rate Maintains Steady Climb

Filed in Economics by on December 3, 2018 1 Comment
30-Year Mortgage Rate Maintains Steady Climb

Mortgage rates continue to increase after a slight slowdown in the summer months, according to information compiled by Freddie Mac.

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Los Angeles is Least Affordable Housing Market

Filed in Home Building, Homeownership by on November 9, 2017 0 Comments
Los Angeles is Least Affordable Housing Market

San Francisco, which has been the nation’s least affordable housing market for nearly five years, was supplanted by Los Angeles in the third quarter of 2017, according to the NAHB/Wells Fargo Housing Opportunity Index released today.

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HUD Report Shows Housing Affordability Crisis is Worsening

Filed in Multifamily by on August 10, 2017 0 Comments
HUD Report Shows Housing Affordability Crisis is Worsening

HUD released a report to Congress on Aug. 9 entitled Worst Case Housing Needs 2017 which found that 8.3 million households had “worst-case housing needs” in 2015, meaning they are very low-income renters who do not receive government housing assistance and paid more than half their income for rent, lived in severely inadequate conditions, or both.

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Housing Affordability Inches Lower in 2nd Quarter

Filed in Economics, Sales & Marketing by on August 10, 2017 0 Comments
Housing Affordability Inches Lower in 2nd Quarter

Rising home prices offset a quarter-point drop in mortgage interest rates to move housing affordability slightly lower in the second quarter of 2017, according to the NAHB/Wells Fargo Housing Opportunity Index released today.

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