Pro Builder

OCTOBER 22, 2021

More House Hunters Are Seeking Out Diverse Neighborhoods. Fri, 10/22/2021 - 10:04. 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, As the U.S.

Housing 105

Housing Washington Equity Income 105

Pro Builder

MAY 28, 2021

Fact or Fiction: Debunking Theories Behind the Housing Shortage. Fri, 05/28/2021 - 09:26. Theories behind the highly competitive housing market range from years of underbuilding to sellers reluctant to list—but are all these reasons true or just speculation? Home prices, rents and incomes were also rising 3%–5% in 2019.

Housing 98

Housing Income Comparison Risk 98

Pro Builder

NOVEMBER 1, 2021

Housing Market. Mon, 11/01/2021 - 10:07. A nationwide supply shortage drove up home prices and market competition throughout 2021, breaking market records and driving away large segments of would-be homebuyers. . The Case-Shiller Index shows home prices jumped from 7% to 19% from September 2020 to June 2021.

Housing 97

Housing Inventory Statistics Income 97

Pro Builder

DECEMBER 12, 2021

Solutions to Housing Affordability. Sun, 12/12/2021 - 08:00. So when I gave you, our readers, the opportunity to submit a write-in response to the question: “What’s needed to enable more affordable housing?” within our annual housing forecast survey (see the results on page 17), I got what I deserved from more than 300 of you.

Housing 98

Housing NAHB Regulation Forecasting 98

Pro Builder

JANUARY 21, 2022

Home Affordability Report Shows Increased Pressure for Affordable Housing. Housing affordability continues to be a hot topic, as demand for homes outpaces supply and wage growth fails to keep pace with home-price appreciation . Unmet demand for housing continues to drive home prices higher, as median sales prices on homes in the U.S.

Housing 105

Housing Insurance Debt Income 105

Pro Builder

JULY 12, 2021

Home Prices Outpace Income, Dropping Housing Affordability Rates. Mon, 07/12/2021 - 09:46. Monthly mortgage payments increased by 20% in May as family incomes increased by a comparatively meager 1.2%, according to the National Association of Realtors’ Housing Affordability Index. cbroderick. compared to May 2020.

Income 52

Income Housing Accounting 52

Pro Builder

FEBRUARY 7, 2023

After dropping to 11% in 2021, multigenerational buying is back near an all-time high at 14%, led by Gen Xers who are caring for aging adults and younger generations moving back into their childhood homes. First-time buyers, who have a median age of 36, also are more likely to say their adult children have not yet left the nest.

Housing 98

Housing Income 98

Pro Builder

APRIL 5, 2021

Time to Bring Housing Home to Elected Officials. Mon, 04/05/2021 - 09:29. NAHB is promoting "Bringing Housing Home," an outreach for builders to meet and contact their elected officials about issues affecting the industry. As part of that effort, NAHB is conducting Bringing Housing Home on May 3-7.

Housing 98

Housing NAHB Income Education 98

Pro Builder

AUGUST 2, 2021

Federal Reserve Bank Leaders Express Worries About Housing Market. Mon, 08/02/2021 - 09:49. The Federal Reserve has been closely watching the housing market and some are more nervous than others about the bank’s role in bond purchases and housing's financial stability. Housing Policy + Finance. cbroderick.

Banking 98

Banking Housing St. Louis New York 98

Pro Builder

DECEMBER 28, 2021

Tue, 12/28/2021 - 14:15. 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.

Idaho 97

Idaho Income Metro Nashville 97

Pro Builder

DECEMBER 20, 2021

High Income Millennials Are Becoming Lifestyle Renters Rather Than Homeowners. Mon, 12/20/2021 - 10:17. Why young adults who can afford to buy a house are benefiting from the rental route instead. Housing Markets. Market Data + Trends. Built for Rent. Market Data + Trends.

Income 59

Income Housing Plans 59

Pro Builder

JANUARY 25, 2022

NAHB Chairman's Letter: Americans Want Action on Housing Affordability. A recent survey conducted by polling firm Morning Consult on behalf of the National Association of Home Builders shows strong support for policies that would make housing affordable for more Americans. Chuck Fowke, NAHB 2021 Chairman.

NAHB 98

NAHB Housing Regulation Consulting 98

Pro Builder

APRIL 2, 2021

Housing Costs are the Top Financial Concern for Older Millennials. Fri, 04/02/2021 - 09:19. The oldest Millennials are turning 40 this year and affordable housing remains a top concern for many in this generation. Scarcity driving up housing costs. Finding affordable housing is a challenge across generations.

Housing 72

Housing Income Debt Budgeting 72

Pro Builder

JANUARY 26, 2023

As Housing Costs Outpace Income Growth, the Typical U.S. income is required to pay the average rent, a threshold that now puts renter households in a precarious position as rising inflation also limits affordability for everyday goods. percent in 2021, and from 25.7 percent in 2021, and from 25.7 percent in 2020.

Income 52

Income Housing New York Miami 52

Pro Builder

NOVEMBER 12, 2021

Low Housing Affordability Remains Steady for Third Quarter of 2021. Fri, 11/12/2021 - 09:22. In the third quarter of 2021, housing affordability remained at its lowest level in nearly a decade as lower mortgage rates were offset by higher home prices to keep rates steady, Eye on Housing reports. .

Housing 52

Housing Income Iowa NAHB 52

Pro Builder

FEBRUARY 15, 2022

The average out-of-town budget for Nashville home buyers in 2021 was $736,900, 28.5% gap between local and migrational budgets, followed by New York City, where incoming buyers had 26.5% Housing Markets. Housing Markets. larger than the $573,400 budget for local buyers, Redfin reports. more to spend on a home.

Budget 105

Budget Budgeting Nashville Los Angeles 105

Pro Builder

NOVEMBER 24, 2021

High-Income Millennials Are Flocking to the Rental Market. Wed, 11/24/2021 - 13:10. The share of higher-income Millennials who are renting instead of buying a home is at its highest level in five years, according to RentCafe. Housing Markets. Why would-be homebuyers are taking the rental route instead. . Demographics.

Income 52

Income Housing Budgeting Budget 52

Pro Builder

SEPTEMBER 17, 2021

Fri, 09/17/2021 - 09:47. A recent Realtor.com report found buyers put down 21% of their household income before taxes toward monthly mortgage payments in May. share of income over the past decade, but remains within the affordable range. The affordability zone for housing is anything less than 30% of the buyer's income.

Income 98

Income Housing Zoning 98

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

Housing 98

Housing Inventory NAHB New York City 98

Pro Builder

MARCH 10, 2021

Wed, 03/10/2021 - 09:25. The National Association of Home Builders’ housing affordability pyramid for 2021 shows the highest priced home households can afford based on their income. Based on this, the minimum income required to purchase a $100,000 home is $22,505. In 2021, about 21.1 NAHB Research Finds 40.1

NAHB 95

NAHB Income Insurance Finance 95

Pro Builder

APRIL 12, 2023

Renter Households Have Less Residual Income Than Ever Before ldeakins Wed, 04/12/2023 - 11:32 Over the past several years, renter household incomes have fallen across the U.S. while rental costs have increased at a steady pace, leaving Americans with less money left over at the end of every month In 2021, the median U.S.

Income 52

Income Housing 52

Pro Builder

DECEMBER 2, 2021

Thu, 12/02/2021 - 10:12. During the third quarter of 2021, a record 18.2 Rather than flipping the homes they buy, more investors are now generating rental income by turning single-family homes into rental properties. The number of homes purchased by investors — 90,215 — during the third quarter of 2021 represents an 80.2

Income 98

Income Housing Washington 98

Pro Builder

JUNE 17, 2021

Pandemic Exposed Deep Housing Issues, Says Harvard Report. Thu, 06/17/2021 - 10:40. 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. cbroderick. Bloomberg reports aging rental units have a $45 billion repair backlog.

Housing 66

Housing San Jose Income Metro 66

Pro Builder

JANUARY 11, 2021

The 2020 Housing Issues Sticking Around This Year. Mon, 01/11/2021 - 09:13. Low inventory, high home prices, working from home, rising home values—all these factors were a part of the flourishing housing market this year, but will they continue on through 2021? Yun predicts home prices will rise by 3 percent in 2021.

Housing 59

Housing Income Inventory Washington 59

Pro Builder

JUNE 1, 2022

Changing household preferences and a lack of housing affordability post-pandemic caused apartment demand to double at the start of 2022. A record 700,000 apartments were leased last year, more than double the five-year average, while leases in Q1 2022 were double the number reported in Q1 2021, according to John Burns Real Estate Consulting.

Income 97

Income Leases Consulting Housing 97

Pro Builder

MARCH 22, 2022

Property Tax Collections Remained Stable in 2021. A steady stream of property taxes accounted for the largest share of state and local revenue throughout 2021. billion in taxes paid by property owners at the close of Q4 2021, a 1% quarterly increase after a 0.6% in Q3 2021, the second such decrease since 2012. Financials.

Income 52

Income NAHB Accounting Finance 52

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. a real estate technology firm.

New York City 98

New York City Income Miami New York 98

Pro Builder

JUNE 28, 2021

Mon, 06/28/2021 - 09:41. In order to assist more lower-income homebuyers and close the racial homeownership gap, the Federal Housing Administration (FHA) will change the way it reviews an applicant’s student loan debt. Housing Policy + Finance. Housing Policy + Finance. cbroderick. Read More. .

Debt 98

Debt Income Finance Cleveland 98

Pro Builder

AUGUST 11, 2022

Out-of-Towners Pushed the Average Boise Buyer Income 24% Higher During the Pandemic. The typical income of a Boise homebuyer rose 24% throughout the pandemic as locals went toe-to-toe with wealthy out-of-state newcomers for available listings. The typical Boise homebuyer earned $98,000 in 2021, up 24.1% Housing Markets.

Income 52

Income San Francisco Idaho Miami 52

Pro Builder

MAY 7, 2021

Housing Affordability Dips in First Quarter. Fri, 05/07/2021 - 09:40. 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.

Housing 52

Housing Los Angeles Long Beach Income 52

Construction Marketing

NOVEMBER 15, 2022

since March 2021, with the median price reaching $405,000 marking an 8% increase during the same period, according to Fit Small Business. Though house prices have been steadily rising, the demand for residential and commercial property from both local and international investors continues to surge as well.

Income 156

Income Commercial Feasibility Residential 156

Pro Builder

MARCH 21, 2022

Home Value Appreciation Outpaced Median Salaries Across 25 Metros in 2021. Home prices rose faster than median incomes in the majority of metro areas tracked by Zillow in 2021. metros tracked by Zillow in 2021, compared to just five metro areas where home value appreciation outpaced median income in 2020, CNBC reports.

Metro 52

Metro St. Louis San Jose San Francisco 52

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.

Housing 91

Housing Design Plans Zoning 91

Pro Builder

NOVEMBER 4, 2021

America’s Top Boomtowns of 2021. Thu, 11/04/2021 - 09:45. The Northwest is home to six of the nation’s top ten boomtowns, where increased housing and low unemployment rates are helping local economies recover from the pandemic. Housing Markets. SmartAsset reveals the top ten cities making a post-pandemic recovery.

Income 52

Income Housing America Employment 52

Pro Builder

AUGUST 12, 2021

Zillow Predicts Affordability Issues for Renters by End of 2021. Thu, 08/12/2021 - 10:20. If current rent and income growth trends continue, Zillow says some of the most affordable metros will become the least affordable and many renters will become newly housing-cost burdened by the end of the year. cbroderick.

Income 52

Income Housing Metro Inventory 52

Pro Builder

APRIL 27, 2022

Sun Belt Buyers Need 40% More Income to Afford a Home. from 2021, while homebuyers in Phoenix must earn $87,026 to afford the area’s typical monthly mortgage payment of $2,176, a 45.7% 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.

Income 52

Income Tampa Phoenix Housing 52

Pro Builder

FEBRUARY 9, 2021

Housing Affordability Faces Looming Challenges. Tue, 02/09/2021 - 09:15. 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%. cbroderick. There, just 9.1

San Francisco 52

San Francisco Housing Los Angeles Long Beach 52