Housing Affordability

How Sacramento Is Streamlining Approval Processes to Provide More, Greater Variety of Housing

Filed in Advocacy, Housing Affordability, Land Development by on March 12, 2021 0 Comments
How Sacramento Is Streamlining Approval Processes to Provide More, Greater Variety of Housing

Sacramento’s 2040 General Plan Update envisions growth of 72,000 new homes and 80,000 new jobs over the next 20 years. Included in the general plan are key themes of housing availability, affordability, racial equity, sustainability and addressing climate change.

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Housing Affordability Explained in One Pyramid

Filed in Economics, Housing Affordability, Trends by on March 10, 2021 8 Comments
Housing Affordability Explained in One Pyramid

NAHB economists calculated how many households have enough income to afford a home at various price thresholds, according to conventional underwriting standards. The housing affordability pyramid reveals that 56.5 million households out of a total of 122.9 million are unable to afford a $250,000 home.

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Housing Affordability Constraints are Rising

Housing Affordability Constraints are Rising

The housing industry is being squeezed. While the sector was the bright spot of the economy for 2020 and possesses considerable momentum at the start of 2021, a number of external factors are restraining the industry as well as the nation’s overall economic recovery.

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House Passes Anti-Business Labor Bill Strongly Opposed by NAHB

Filed in Advocacy, Housing Affordability, Labor by on March 4, 2021 1 Comment
House Passes Anti-Business Labor Bill Strongly Opposed by NAHB

The House on March 9 approved legislation strongly opposed by NAHB  that contains dozens of sweeping labor law revisions that would negatively affect the construction labor market at a time of critical skilled worker shortages.

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How Rising Lumber Prices Impact More Than Just Home Builders

How Rising Lumber Prices Impact More Than Just Home Builders

The fast price escalation in lumber is having far-reaching consequences throughout the industry, and prohibiting home builders and partner organizations from providing much-needed housing to families across the country.

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FHFA Authorizes More than $1 Billion for Affordable Housing Funds

Filed in Advocacy, Housing Affordability, Housing Finance by on March 1, 2021 1 Comment
FHFA Authorizes More than $1 Billion for Affordable Housing Funds

The Federal Housing Finance Agency (FHFA) announced today a $1.09 billion disbursement for Fannie Mae and Freddie Mac affordable housing allocations for 2020. This is the largest amount ever disbursed and more than double what was provided last year.

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New Priced Out Study Highlights the Housing Affordability Crisis

Filed in Economics, Housing Affordability by on March 1, 2021 3 Comments
New Priced Out Study Highlights the Housing Affordability Crisis

A new study by NAHB puts a spotlight on the nation’s housing affordability crisis and illustrates how even a relatively small increase in the price of a home can prevent hundreds of thousands of households from achieving the goal of homeownership.

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NAHB Fund Helps HBAs Advocate for Housing Affordability

Filed in Advocacy, Housing Affordability by on February 26, 2021 0 Comments
NAHB Fund Helps HBAs Advocate for Housing Affordability

Four HBAs were recently selected to receive financial assistance to overcome local housing affordability challenges.

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Can High-Performance Building Strategies Decrease Lumber Demand?

Can High-Performance Building Strategies Decrease Lumber Demand?

Solving the lumber crisis is a critical priority for NAHB, particularly because of housing affordability implications. Potential solutions that use high-performance building strategies can reduce the amount of lumber needed to build a home and reduce the demand on the timber industry.

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Podcast: Lumber Issue Heats Up, Hurts Affordability

Filed in Housing Affordability by on February 17, 2021 3 Comments
Podcast: Lumber Issue Heats Up, Hurts Affordability

On the latest episode of the NAHB podcast, Housing Developments, CEO Jerry Howard and Chief Lobbyist Jim Tobin discuss the biggest headwind facing home building: Skyrocketing lumber prices.

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