Tag: housing 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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Housing Affordability is an Issue for All Age Groups

Filed in Economics, Housing Trends by on February 11, 2019 8 Comments
Housing Affordability is an Issue for All Age Groups

NAHB’s latest quarterly Housing Trends Report shows that prospective home buyers in all age categories are wrestling with affordability issues.

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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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NAHB Commends State of the Union Proposal on Infrastructure

Filed in Capitol Hill by on February 6, 2019 0 Comments
NAHB Commends State of the Union Proposal on Infrastructure

While NAHB supports increased infrastructure spending, First Vice Chairman Greg Ugalde, who attended the event at the U.S. Capitol, also called on policymakers to address mounting housing affordability concerns.

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Housing Affordability Edges Lower in the Third Quarter

Filed in Economics by on November 8, 2018 0 Comments
Housing Affordability Edges Lower in the Third Quarter

A modest increase in interest rates and home prices kept housing affordability at a 10-year low in the third quarter of 2018, according to the NAHB/Wells Fargo Housing Opportunity Index (HOI) released today.

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Prop 10 a Bad Deal for Affordable Housing Advocates

Filed in Codes and Regulations, Multifamily by on October 9, 2018 0 Comments
Prop 10 a Bad Deal for Affordable Housing Advocates

Californians will be faced with more than just candidates for local and national office when they vote Nov. 6: They’ll also have to decide whether to repeal the state’s 23-year-old Costa-Hawkins law.That measure limits local jurisdictions’ ability to impose rent controls.

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Ivory Homes Launches Affordable Housing Prize

Filed in Business Management, Housing Trends, Multifamily, NAHB Cares by on September 21, 2018 0 Comments
Ivory Homes Launches Affordable Housing Prize

A Utah home builder and NAHB member is spearheading an effort to generate innovative solutions to the nationwide crisis in affordable housing – and offering prizes totaling $200,000 to the top entries.

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Housing Affordability Hits 10-Year Low in 2nd Quarter

Filed in Economics by on August 9, 2018 1 Comment
Housing Affordability Hits 10-Year Low in 2nd Quarter

Only 57.1% of new and existing homes sold between the beginning of April and end of June were affordable to families earning the U.S. median income of $71,900. Housing affordability is at its lowest reading since mid-2008.

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Louisiana Governor Vetoes Affordable Housing Bill

Filed in Codes and Regulations, Land Development by on June 8, 2018 2 Comments
Louisiana Governor Vetoes Affordable Housing Bill

A fight to provide more affordable housing has not had a happy ending for the HBA of Greater New Orleans – or for the Louisiana families it was designed to help.

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Rising Incomes Boost Housing Affordability in 1st Quarter

Filed in Economics by on May 10, 2018 1 Comment
Rising Incomes Boost Housing Affordability in 1st Quarter

Strong wage growth more than offset an increase in mortgage interest rates to boost nationwide housing affordability in the first quarter of 2018, according to the NAHB/Wells Fargo Housing Opportunity Index released today. Youngstown-Warren-Boardman, Ohio-Pa., was the nation’s most affordable major housing market. There, 90.9% of all new and existing homes sold were affordable to families earning the area’s median income of $60,100.

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