Affordability

Help Lift Housing By Bringing Material Costs Down

Filed in Affordability, Trade by on August 15, 2019 0 Comments
Help Lift Housing By Bringing Material Costs Down

The United States-Mexico-Canada-Agreement (USMCA) holds the potential to boost the housing economy and reduce price volatility for building materials. Take action now and ask your member of Congress to ratify the USMCA.

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Why Lower Interest Rates are Not Boosting the Housing Market

Filed in Affordability, Economics, Housing Finance by on August 8, 2019 2 Comments
Why Lower Interest Rates are Not Boosting the Housing Market

Recent jolts to the economy stemming in part from an intensified trade war with China have worried markets and resulted in a significant decline in interest rates as investors have shifted from equity to bonds. Lower interest rates present an opportunity for the housing market, which has failed so far to respond energetically to this positive development due to prior housing affordability headwinds.

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NAHB Announces Delay in the Production of the Housing Opportunity Index

Filed in Affordability, Economics by on August 8, 2019 0 Comments
NAHB Announces Delay in the Production of the Housing Opportunity Index

The scheduled second quarter release of the NAHB/Wells Fargo Housing Opportunity Index (HOI), which measures housing affordability in more than 200 metropolitan areas across the nation, will be delayed for three months because key government data used to calculate the index is no longer available.

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‘Impossible’ Project Provides Critical Workforce Housing Options in Memphis

Filed in Affordability, Awards, Multifamily by on August 6, 2019 2 Comments
‘Impossible’ Project Provides Critical Workforce Housing Options in Memphis

Repurposing a 1.5 million-square-foot decaying building that’s been abandoned for decades and is too expensive even to demolish may seem like an impossible task. Yet a group of non-profit organizations in Memphis tackled this feat by turning a 1927 vintage Sears distribution center into a “vertical urban village” that includes resources for the arts community, for education, and for health and wellness services.

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Video: NAHB Chairman Updates Members on Senate Testimony from Fed Chairman

Filed in Affordability, Capitol Hill, Chairman's Update by on August 2, 2019 0 Comments
Video: NAHB Chairman Updates Members on Senate Testimony from Fed Chairman

In this month’s video update to members, NAHB Chairman Greg Ugalde shares a recent example of the influence NAHB has in Washington.

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Marrying Affordability and Sustainability at The Rose

Marrying Affordability and Sustainability at The Rose

Located just south of downtown Minneapolis, The Rose incorporates pioneering green building techniques among its 90 mixed-income (47 affordable and 43 market-rate) apartments, which range from efficiencies to three bedrooms.

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6 Lessons Learned from a Historic St. Louis Rehab Project

6 Lessons Learned from a Historic St. Louis Rehab Project

The Arcade Apartments development is finished product of a historic rehabilitation of a 500,000-square-foot architectural landmark in downtown St. Louis. The $118 million project involved a mix of federal and state historic tax credits and New Market Tax Credits, loans, mortgages and investment from Webster University.

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Affordable Cottage Community Spotlights Benefits of Reduced Zoning Regulations

Filed in Affordability, Design, Land Development by on July 22, 2019 4 Comments
Affordable Cottage Community Spotlights Benefits of Reduced Zoning Regulations

Zoning restrictions are one of the obstacles challenging housing affordability, often favoring single-family homes and limiting higher-density multifamily buildings. One project that highlights how reduced zoning restrictions can benefit development of creative and effective housing options is the Boiceville Cottages in Brooktondale, N.Y.

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Fed Chair: Home Builders Feel Like They’ve Been Hit by a ‘Perfect Storm’

Filed in Affordability, Capitol Hill by on July 11, 2019 17 Comments
Fed Chair: Home Builders Feel Like They’ve Been Hit by a ‘Perfect Storm’

Federal Reserve Chairman Jerome M. Powell told the Senate Banking Committee today that the nation’s home builders are facing several supply-side challenges that are hindering housing affordability and “feel almost like they have been hit with a perfect storm here.”

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Housing Options Expand as Lots and Homes Get Smaller

Filed in Affordability, Land Development by on July 9, 2019 1 Comment
Housing Options Expand as Lots and Homes Get Smaller

Housing development within the United States needs a makeover. Past trends guided by regulations have led to a housing market with limited variation. NAHB’s latest report explores the issues involved in generating a greater mix of housing types, and provides relevant best practices on regulatory and design options and barriers.

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