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First-Time Buyers Are Choosing Conventional Over FHA Financing

Pro Builder

First-Time Buyers Are Choosing Conventional Over FHA Financing. Just 24% of first-time buyers went with an FHA loan in January while 59% of first-time buyers obtained conventional financing, reports the National Association of Realtors. In 2020, 57% of first-time buyers chose conventional financing—a 5% jump from 2019.

Finance 100
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Pittsburgh Combats Affordable Housing Shortage with Modular, Factory-Built Homes

Pro Builder

Mon, 07/13/2020 - 06:00. Wages have not increased in line with rent and real estate, contributing to homelessness and leaving tens of thousands of low-income residents without access to affordable homes. Module built homes at a range of prices, allowing residents to choose what fits their income and needs.

Housing 118
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Homeownership Wealth Gains for Second Quarter of 2020

Pro Builder

Homeownership Wealth Gains for Second Quarter of 2020. Tue, 11/03/2020 - 09:42. Based on the 2019 Survey of Consumer Finance data, homeownership accounts for 90% of total wealth among all families. cbroderick.

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Homeowners in These States Paid the Highest Property Taxes in 2021

Pro Builder

of state and local tax receipts in 2020 due to a broad decline in income tax revenue as a result of the pandemic, property taxes made up 36.2% Other factors are clearly at play, and state and local government financing turns out to be a major one. While the Northeast is home to the highest property taxes in the U.S., Financials.

Texas 96
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Working From Home Could Bring 2 Million Buyers Into the Market

Pro Builder

Thu, 09/03/2020 - 09:38. The company evaluated renter households which cannot afford starter homes in their metro areas, then created a probability of those renters to telecommute based on income, industry, and occupation. Working From Home Could Bring 2 Million Buyers Into the Market. cbroderick. They landed on 1.92 renter households.

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How Excessive Design Standards Hurt Home Affordability

Pro Builder

Thu, 10/01/2020 - 06:00. Design regulations are supposed to ensure the health, safety and welfare of residents, but superficial and excessive rules that price lower- and moderate-income families out of the market should not be prioritized over the need to address the housing affordability problem. NAHB Housing Policy Briefing.

Design 103
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Why Builders Wait to See Lower Lumber Prices

Pro Builder

NAHB Policy Brief | Lumber prices have moderated, but lower costs haven't worked their way to builders; New home prices too expensive for lower-income households. New-Home Prices Squeeze Out Lower-Income Households . Why Builders Wait to See Lower Lumber Prices. Wed, 08/04/2021 - 06:00. National Association of Home Builders.

NAHB 98