Tag: affordability

Housing Affordability Hits 18-Month Low on Lack of Supply, Higher Prices

Filed in Economics, Housing Affordability by on August 6, 2020 1 Comment
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. 

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Affordability Expectations Show Slight Improvement

Filed in Economics, Housing Affordability by on July 28, 2020 1 Comment
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. 

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Oklahoma Governor Signs Housing Affordability Bill into Law

Oklahoma Governor Signs Housing Affordability Bill into Law

In a victory for home builders and housing affordability, Oklahoma Governor Kevin Stitt (R) has signed SB 1713 into law. The legislation will limit cities and counties from regulating purely aesthetic building design that would needlessly raise the cost of housing.

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Unaffordable Prices Hold Back Prospective Home Buyers

Filed in Economics, Housing Affordability by on May 12, 2020 0 Comments
Unaffordable Prices Hold Back Prospective Home Buyers

A recent survey of buyers who have been actively searching for a home for more than three months reveals that their biggest obstacle to closing a deal is that they can’t find a home at a price they can afford.

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Housing Affordability Down Due to Economic Losses Stemming from COVID-19 Pandemic

Filed in Economics, Housing Affordability by on May 7, 2020 0 Comments
Housing Affordability Down Due to Economic Losses Stemming from COVID-19 Pandemic

Surging job losses in March stemming from the COVID-19 pandemic contributed to a decline in U.S. median income and housing affordability in the first quarter of 2020, according to the National Association of Home Builders (NAHB)/Wells Fargo Housing Opportunity Index (HOI) released today.

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Home Buyers Bearish on Affordability

Filed in Economics, Housing Affordability by on May 5, 2020 0 Comments
Home Buyers Bearish on Affordability

While home buyers report slightly more optimistic expectations for future housing availability in the first quarter of 2020, there is no commensurate improvement in their outlook for affordability. In fact, 78% say they can afford fewer than half the homes available in their markets.

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Housing Affordability Crisis Explained in One Graph

Filed in Economics, Housing Affordability by on February 13, 2020 19 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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Increased Supply and Collaboration Needed to Combat Housing Affordability Crisis

Filed in Housing 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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Watch Live: NAHB Discusses National Trends in Housing Affordability

Filed in Housing Affordability by on November 15, 2019 1 Comment
Watch Live: NAHB Discusses National Trends in Housing Affordability

NAHB’s Election 2020 series will kick off Monday, Nov. 18, in Minneapolis at 8:30 a.m. CT with a robust discussion on how municipalities are tackling the housing affordability crisis. Tune in to the event’s livestream to watch as state and local government officials, industry leaders and community partners share their insights on the challenges of housing affordability and potential solutions to address housing inequity.

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Harvard Report Cites Growing Housing Inequality Among Older Adults

Filed in 55+ Housing, Economics, Housing Affordability by on October 16, 2019 2 Comments
Harvard Report Cites Growing Housing Inequality Among Older Adults

Harvard report highlights growing affordability challenges facing the nation with respect to housing its increasing older adult population.

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