Affordability

NAHB Lauds Implementation of U.S.-Mexico-Canada Agreement

Filed in Affordability, Trade by on July 1, 2020 0 Comments
NAHB Lauds Implementation of U.S.-Mexico-Canada Agreement

In a positive development that will provide forward momentum for housing and help address the nation’s growing affordability crisis, the U.S.-Mexico-Canada Agreement (USMCA) went into effect today.

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Ohio Urban Infill Project Improves Quality of Life in Neglected Neighborhood

Ohio Urban Infill Project Improves Quality of Life in Neglected Neighborhood

The Residences at Career Gateway is a community housing development, funded with the help of Low-Income Housing Tax Credits (LIHTCs), which aims to revitalize the south side of Columbus and connect residents with meaningful workforce supports.

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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 Affordability, Economics, Homeownership 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

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

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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HUD Issues Mortgage Relief for FHA Single-Family Home Owners

Filed in Affordability, Disaster Response, Economics by on April 2, 2020 0 Comments
HUD Issues Mortgage Relief for FHA Single-Family Home Owners

Effective April 1 for borrowers with a financial hardship that makes them unable to pay their mortgage due to the outbreak, mortgage servicers must extend deferred or reduced mortgage payment options — called forbearance — for up to six months, and must provide an additional six months of forbearance if requested by the borrower.

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San Diego Builders Help Defeat Anti-Housing Ballot Measure

San Diego Builders Help Defeat Anti-Housing Ballot Measure

A diverse coalition led by the Building Industry Association (BIA) of San Diego County and local REALTORS® defeated a March 3 ballot measure that could have limited housing development in rural areas of San Diego County, Calif.

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2 Portland Projects Highlight Flexibility of ADUs

Filed in Affordability, Design, Land Development by on March 9, 2020 0 Comments
2 Portland Projects Highlight Flexibility of ADUs

As the housing affordability crisis continues, a greater mix of housing types, not just more housing, is needed to meet differing income and generational needs. Here are two examples that highlight different approaches to creating one type of solution, accessory dwelling units (ADUs).

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How the Hidden Costs of Housing Affect Affordability

Filed in Affordability by on March 3, 2020 8 Comments
How the Hidden Costs of Housing Affect Affordability

TheHill.TV explores the hidden costs behind rising home prices and how they’re contributing to the housing affordability crisis.

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