Pro Builder

OCTOBER 13, 2021

Tight Housing Market Causes Supply Issue. Some analysts say too many houses are being built— homebuilders disagree. A discrepancy between population decline and building rates for single-family and multi-family homes is generating greater market competition and driving up prices for house hunters. . Housing Markets.

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Pro Builder

AUGUST 12, 2020

How Much Income Is Needed to Live In the Largest U.S. Wed, 08/12/2020 - 10:14. Department of Housing and Urban Development says that residents should keep housing costs to less than 30% of their income. SmartAsset’s list outlines the income needed to keep rent payments within 28%. cbroderick.

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Income San Francisco Metro Housing 52

Pro Builder

JANUARY 28, 2021

5 Housing Market Trends that Shaped 2020, According to Realtors. The National Association of Realtors’ Confidence Index Survey asks Realtors about the top housing market trends they are experiencing on the local level each month. First, Realtors say the top trend from 2020 was the intense competition for fewer homes.

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BD+C

SEPTEMBER 25, 2023

3 affordable housing projects that serve as social catalysts 0 qpurcell Mon, 09/25/2023 - 12:49 Affordable Housing Trish Donnally, Associate Principal, Perkins Eastman, shares insights from three transformative affordable housing projects. Housing is Fundamental “Housing is absolutely essential to human flourishing.

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Pro Builder

OCTOBER 22, 2021

More House Hunters Are Seeking Out Diverse Neighborhoods. How the housing market is prioritizing inclusivity. housing market adapts to a more diverse national population, developers are pushing for more inclusive housing for ??economically, in 2010, according to the August 2020 Census report. As the U.S.

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Pro Builder

FEBRUARY 9, 2021

Housing Affordability Faces Looming Challenges. Low mortgage rates buoyed housing affordability as home prices hit record highs during the fourth quarter of 2020. Housing prices reached $320,000 during the fourth quarter of 2020 as mortgage rates fell to 2.85%. as the nation’s least affordable major housing market.

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San Francisco Housing Los Angeles Long Beach 52

Pro Builder

MAY 7, 2021

Housing Affordability Dips in First Quarter. Housing affordability slipped slightly from the fourth quarter of 2020 to the first quarter of 2021 due to building material costs, supply shortages, and mortgage rate increases, says the National Association of Home Builders (NAHB). income of $79,900. income of $79,900.

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Pro Builder

APRIL 27, 2022

Sun Belt Buyers Need 40% More Income to Afford a Home. Meanwhile, the average monthly mortgage payment reached $1,910 in March 2022, up from $1,423 in March 2021 and $1,280 in March 2020. There are a few ways for people to get around rising housing costs,” Marr continued. Housing Markets. Housing Markets.

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Pro Builder

FEBRUARY 1, 2021

Production Builders Taking a New Approach to Affordable Housing. Housing starts increased by 7% in 2020 compared to the year prior, but the supply of affordable homes remains low—these two builders are working to change that. cbroderick. Mon, 02/01/2021 - 10:04.

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Pro Builder

AUGUST 5, 2021

2020's Hottest Markets Were Coastal and Affordable. In its 2020 Hottest Cities for Homebuyers report, CoreLogic found affordable coastal metros to be the most popular, posting the highest in-migration levels for the year. The areas also offer lower property taxes and no state income taxes. Housing Markets. cbroderick.

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San Francisco Income Metro Tampa 52

Pro Builder

NOVEMBER 1, 2021

Housing Market. Though housing demand will likely remain high into 2022, more inventory and low interest rates could create a more balanced market, according to Forbes Business Council. As of December 2020, there was only a 1.9-month The Case-Shiller Index shows home prices jumped from 7% to 19% from September 2020 to June 2021.

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Pro Builder

JUNE 17, 2021

Pandemic Exposed Deep Housing Issues, Says Harvard Report. The pandemic exposed the housing industry’s long standing shortfalls, and although construction ramped up to historic levels this year, there’s a long way to go. The average price-to-income ratio, a measure of an area’s median home costs versus its median income, hit 4.4

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Housing San Jose Income Metro 66

Pro Builder

JULY 13, 2020

Pittsburgh Combats Affordable Housing Shortage with Modular, Factory-Built Homes. Mon, 07/13/2020 - 06:00. Module, a local start-up modular design and development company, saw the vacant lots as an opportunity to address Pittsburgh’s need for affordable, turnkey housing. Affordable Housing.

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Pro Builder

MARCH 17, 2023

Dakota Partners Provides Affordable Housing Through Homeless Prevention Response Fund Grant ldeakins Fri, 03/17/2023 - 09:45 The $1.27 million grant will be used to house formerly homeless residents at the Columbus Commons apartments in New Britain, Conn. and dispersed over the next 10 years.

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BD+C

AUGUST 4, 2020

71-unit 100% affordable housing development breaks ground in Mountain View, Calif. (BD+C) The 100% affordable housing project will comprise independent living for a mix of single- and two-person households earning between 50% and 70% of the area median income.

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Pro Builder

FEBRUARY 8, 2022

How a Housing Shortage and High Prices Are Hurting the Middle Class. Fast-rising home prices and a meager housing supply are hurting middle-class and first-time buyers incapable of expanding their budgets to keep up with a 30% year-over-year price surge since the start of the COVID-19 pandemic in early 2020, according to Realtor.com. .

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Pro Builder

JANUARY 13, 2022

The Mortgage Denial Rate Was 84% Higher for Black Applicants in 2020. A marginalized housing market leaves Black homeowners with less affordability and larger hurdles to jump. This is partly a result of longstanding income and credit disparities that only deepened during the pandemic. Thu, 01/13/2022 - 10:19. Nationwide, 19.8%

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Pro Builder

MARCH 26, 2021

Broader Economy Suffered in 2020 While Home Improvements Thrived. in 2020 as home improvement project spending increased by 3%, according to Harvard University’s Joint Center for Housing Studies. cbroderick. Fri, 03/26/2021 - 09:32. economy dipped 3.5% Read More. . Coronavirus Resources and Information. Economics.

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Pro Builder

NOVEMBER 9, 2020

Biden's Promised Changes to the Housing Market. Mon, 11/09/2020 - 09:28. Along the campaign trail, President-elect Joe Biden promised changes to housing plans in order to create more opportunities for low- and middle-income Americans. Campaign promise: Address racial discrimination in housing. cbroderick.

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Housing Discrimination Inventory Income 80

Pro Builder

NOVEMBER 1, 2022

Housing Outlook: Is This a Recession … or Not? The current housing slowdown is a reality, but determining whether we’re in a recession right now isn’t so clear. After a two-year period of frenetic activity spurred by low mortgage rates and rising home prices, the housing industry has its finger on the reset button. “I

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Pro Builder

SEPTEMBER 1, 2020

Affordable Housing That LEEDs in Being Green and Sustainable. Tue, 09/01/2020 - 07:00. Profiles of three outstanding affordable housing projects recognized by the U.S. More 2020 LEED Homes Awards winners: Outstanding single-family projects. The Arroyo LEED Platinum Affordable Housing. Advertisement.

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Sustainability Green Housing Visualization 105

Pro Builder

JANUARY 12, 2021

3 Million Unemployed Renters Remain Burdened by Housing Costs. There are an estimated 3 million renters who remain unemployed from March that face intense housing cost burdens. Thanks to the new stimulus package, these renters will receive an additional $300 in weekly payments, which can help housing costs. cbroderick.

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Pro Builder

NOVEMBER 3, 2020

Homeownership Wealth Gains for Second Quarter of 2020. Tue, 11/03/2020 - 09:42. In the bottom 20% income percentile, a home accounts for 99% of total assets, compared to 42% for families in the top 10% income bracket. cbroderick. For a home purchased 10 years ago, the gained wealth is $144,490.

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Pro Builder

MAY 27, 2023

In a recent meeting , a client questioned why so many industries can find ways to create more affordable solutions but the housing industry can’t. Why not housing? Most people c an’t afford a Tesla, but there are attainable alternatives such as the Nissan Leaf or the Hyundai Kona. Life circumstances also play a role.

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Pro Builder

DECEMBER 28, 2021

Of SmartAsset’s 50 fastest growing metropolises in the nation, six Northwestern cities finished in the top 10, according to The New York Times , though Murfreesboro, Tennessee came out on top thanks to its minuscule unemployment rate and fast-growing median household income. Housing Markets. Housing Markets. Regional Builders.

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Idaho Income Metro Nashville 97

Pro Builder

JANUARY 7, 2022

Are We in Another Housing Bubble? Home prices were already rising before the COVID-19 pandemic struck in early 2020, but with even greater demand and lower inventory over the past two years, the median existing house price has surged to over $350,000, according to The Washington Post. Housing Markets. New-Home Sales.

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Pro Builder

MAY 31, 2022

The Buying Boom Is Slowing, and Experts Say a Housing Correction Could Follow. As mortgage rates keep climbing, we may be moving from a housing boom to a housing correction, says top economist Mark Zandi . New home sales in April and May dropped 19% to their lowest level since 2020, and sellers are responding.

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Housing South Carolina Phoenix Inventory 52

Pro Builder

OCTOBER 7, 2020

2020 Aurora Awards Winners: Multifamily, and Project of the Year. Wed, 10/07/2020 - 15:24. The annual Aurora Awards competition held by the Southeast Building Conference recognizes outstanding housing-related professionals for their work in 12 southeastern states and the Eastern Caribbean. Rich Binsacca, Editor-in-Chief.

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Charlotte Nashville Retail Atlanta 98

Pro Builder

NOVEMBER 6, 2020

Housing Affordability Hovers Over Two-Year Low. Fri, 11/06/2020 - 09:10. Home affordability took a bigger hit in the third quarter of 2020, down to nearly a two-year low. of new and existing homes sold were affordable to families making an adjusted median income of $72,900—the lowest percentage since the fourth quarter of 2018.

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Housing Income Metro Inventory 40

Pro Builder

AUGUST 5, 2021

Return to Work Begins to Impact Housing Demand. The suburban shift resulting from the pandemic continues, but for the first time since early 2020, interest in urban areas is notably up. You definitely need to double income, triple income in order to qualify for the mortgage,” Zakinova said. cbroderick. In the U.S.

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Pro Builder

DECEMBER 2, 2021

percent year-over-year increase from 2020. Rather than flipping the homes they buy, more investors are now generating rental income by turning single-family homes into rental properties. Both of those numbers were well above 2020 and 2019 figures. Housing Markets. Housing Markets. New-Home Sales.

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Pro Builder

AUGUST 18, 2021

Home Builder Sentiment Drops to Lowest Level Since 2020. Home builder sentiment dropped to its lowest level since July 2020 amid continued labor and building material challenges. The National Association of Home Builders/Wells Fargo Housing Market Index reported builder sentiment at 75 in August, down 5 points from last month's index.

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Tampa NAHB Materials Florida 52

Pro Builder

AUGUST 5, 2022

Online consumer-focused financial advisor SmartAsset set out to find which states had the most movement of high-earning households, between states in 2019 and 2020. Data shows Sun Belt states saw the most migration, starting with Florida, and that states that do not have income tax also saw a large inflow of high-income households.

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Pro Builder

NOVEMBER 11, 2021

First-Time Buyers Persevere in Difficult Housing Market. In part, the increase in first-time homeownership was a result of a larger share of buyers in the market as well as the ability of many first-time buyers to live at home with family during the pandemic to save money before buying a house. Housing Markets. Purchasing.

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Pro Builder

NOVEMBER 11, 2021

First-Time Buyers Persevere Through Rough Housing Market. In part, the increase in first-time homeownership was a result of a larger share of buyers in the market as well as the ability of many first-time buyers to live at home with family during the pandemic to save money before buying a house. Housing Markets. Purchasing.

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Pro Builder

FEBRUARY 16, 2022

As limited supply and double-digit price increases push a growing number of prospective buyers out of the housing market, demand for single-family rental homes is hitting an all-time high, but increased competition and a similar lack of inventory are making the rental market an even more difficult alternative.

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Pro Builder

AUGUST 31, 2022

According to Forbes, the share of owner-occupied households earning incomes of $100,000 to $149,999 rose from 16% in 2010 to 19.2% in 2020, while the share of households with incomes of $150,000 or more rose from 11.7% Examining the changes in housing on the city level from 2010 to 2020, there are some startling data points.

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