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. Tue, 01/25/2022 - 20:14. Chuck Fowke, NAHB 2021 Chairman.

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Pro Builder

MAY 5, 2022

After years of fierce competition for limited housing supply, elevated interest rates may not be enough to cool off a red-hot housing market. Even as mortgage rates reach new highs, a lack of available housing inventory is driving up demand and keeping home builders busy in every regional market. Thu, 05/05/2022 - 10:50.

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Pro Builder

MARCH 11, 2022

in February as a lack of inventory drives up sale prices. homes were valued at $1 million or more in February, and some metros are reporting a majority of total housing stock in the million dollar range, Forbes reports. Housing Markets. Housing Markets. Fri, 03/11/2022 - 10:40. A record 6 million U.S. New-Home Sales.

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Pro Builder

NOVEMBER 9, 2020

Biden's Promised Changes to the Housing Market. 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. These are some of his more innovative ideas about combining housing assistance with improving communities," says Goetz.

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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

JUNE 14, 2023

One solution to those challenges is to prioritize new housing development, but even builders are financially strained and face higher costs for materials and labor, tighter lending practices, rising interest rates, and ongoing supply chain disruptions. million homes for extremely low-income renters, The New York Times reports.

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Pro Builder

JULY 1, 2022

The housing market is cooling, asking prices are dropping, and inventory is on the rise across the U.S., KB Home noted that its typical buyer has a household income of $125,000, a credit score around 730, and puts $75,000 down when buying a home. Read more. ">. New-Construction Projects. Construction. Builders.

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Pro Builder

JANUARY 4, 2023

If a recession materializes in the year ahead, experts anticipate even higher interest rates, a floor on pricing decreases, and potential income changes, but for priced out buyers, a sudden slowdown could also mean significant price drops and less competition, Forbes reports.

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Pro Builder

JULY 26, 2020

Andrés Duany on New Urbanism’s Legacy and a Solution for Affordable Housing. As a leading advocate for smart growth, Miami-based architect and urban planner Andrés Duany's vision for housing development and affordability is both bold and practical. No Nonsense Housing Company. PB: How do you assess housing affordability? .

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Pro Builder

MAY 10, 2023

A 2023 home price outlook hinges largely on the Federal Reserve as elevated interest rates continue to slow the housing market. If rates fall significantly in the months ahead, the housing market could come back to life even amid higher prices and waning inventory, Forbes reports.

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Pro Builder

MARCH 16, 2022

The Federal Reserve is preparing to increase mortgage rates to tame elevated inflation, but higher rates still won’t be enough to stop another year of strong price growth in the housing market, Fortune says. Bank of America predicts that home prices across the U.S. Why the bullish 2022 outlook? Market Data + Trends. Affordability.

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Pro Builder

SEPTEMBER 21, 2022

The housing market is undergoing a major transformation in the face of economic uncertainty, and while builders fret over inventory, sales, and a relentless barrage of supply chain disruptions and labor shortages, Housing Design Matters says now may also be the time to rethink product offerings.

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Pro Builder

JANUARY 11, 2021

The 2020 Housing Issues Sticking Around This Year. 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? In 2019, the median household income of first-time buyers was $68,703. cbroderick.

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Housing Income Inventory Washington 59

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

FEBRUARY 8, 2022

How a Housing Shortage and High Prices Are Hurting the Middle Class. Home prices are quickly exceeding home buyer budgets as limited inventory pushes affordability further out of reach. Buyers with a household income between $75,000 and $100,000 are limited to roughly 51% of total homes listed for sale, compared with 58% in 2019.

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Pro Builder

APRIL 30, 2021

Current Housing Price Growth 'Not Sustainable'. While the housing market’s boom can be justified, there are a handful of trends resulting from low inventory and high demand that are not sustainable. The best means of protecting housing affordability is to boost inventory by increasing new home construction.

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Pro Builder

APRIL 26, 2021

Is the Housing Market in a Bubble? Bubbles are driven by irrational behaviors driving up prices, yet the housing market’s price acceleration can be pinpointed to low inventory. Bubbles are driven by irrational behaviors driving up prices, yet the housing market’s price acceleration can be pinpointed to low inventory.

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Pro Builder

DECEMBER 16, 2022

Here Are the Most and Least Affordable Housing Markets in December 2022. metros are home to skyrocketing prices and waning housing inventory, while others offer first-time buyers an affordable entrance into the for-sale market. Housing Markets. Housing Markets. Fri, 12/16/2022 - 09:43. Some major U.S.

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Pro Builder

MARCH 17, 2022

These 13 Housing Markets Could See Decelerating Prices. After consecutive price gains amid limited inventory, some markets are becoming too hot for buyers to handle. Housing Markets. Housing Markets. Thu, 03/17/2022 - 10:22. Lewiston, Maine; Modesto, Calif.; Muskegon, Mich.; Pittsfield, Mass.; Prescott, Ariz.;

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Pro Builder

MARCH 18, 2022

A Frenzied Housing Market Could Persist Beyond the Spring Season. Price hikes and dried up inventory could remain status quo into the summer months, and potentially for the entirety of 2022. But housing economists are clear: This frenzy will eventually end. The housing market will eventually cool. Housing Markets.

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Pro Builder

SEPTEMBER 8, 2021

Everyone Wants in on Housing Flipping. One Long Island-based house flipper says now is the best time to be in the business, but finding inventory to rehab is the hard part. Fixer-uppers are fighting over limited stock as the foreclosure moratorium closes off a usually solid stream of inventory. cbroderick.

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Pro Builder

AUGUST 4, 2021

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. This phenomenon is largely a result of dealers’ inventory carrying costs and potentially significant differences between the price at which inventory is bought and sold.

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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 11, 2022

The Housing Market Is Still Hot, But Experts Say It May Be Cooling. Stagnant household incomes are no match for fast-rising home prices, but that widening ratio isn't sustainable for the long-term, experts say. House prices are outpacing average household incomes across the U.S., Wed, 05/11/2022 - 10:31.

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Pro Builder

MAY 9, 2022

How Employer-Assisted Housing Programs Are Paving a Path to Homeownership. Employer-assisted housing (EAH) programs offer incentives for employees making home purchases. Housing Policy + Finance. Housing Policy + Finance. Mon, 05/09/2022 - 10:26. New-Home Sales. Human Resources.

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Pro Builder

OCTOBER 18, 2022

Housing Bubble About to Pop? may be in a housing bubble, and some believe that bubble is about to burst. After peaking to new highs this summer, home prices are beginning to fall as elevated mortgage rates whittle away at housing affordability and put a dent in homebuyer demand. Tue, 10/18/2022 - 10:16. Market Data + Trends.

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Pro Builder

SEPTEMBER 15, 2020

As home prices continue on an upward track, housing inventory only stretches thinner, and as the economy remains weak, this may not be the ideal time for first-time buyers. The median household income was just $63,179 in 2018, according to the latest U.S. House prices have appreciated faster than wages for a long time.

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Income Nashville Tennessee Inventory 72

Pro Builder

JANUARY 8, 2021

Buyer and Seller Housing Market Optimism Drops. If so, this could have the effect of perpetuating already-tight inventory levels and supporting additional (albeit lesser) home price growth, which could contribute to a further moderating of home sales.”. cbroderick. Fri, 01/08/2021 - 09:52. Read More. . Market Data + Trends.

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Pro Builder

OCTOBER 5, 2022

House Prices Are Poised to Fall From Record Highs, but by How Much? Real and nominal home prices could see double-digit declines over the next 5 to 7 years, but it may still take some time for buyers to feel the effects of a full-blown housing correction. Wed, 10/05/2022 - 09:56.

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Pro Builder

AUGUST 7, 2020

Mortgage Rates Continue to Drop, As Does Affordable Housing Supply. of new and existing homes sold in the second quarter of this year were considered affordable to buyers with median incomes of $72,900. of new and existing homes sold in the second quarter of this year were considered affordable to buyers with median incomes of $72,900.

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Pro Builder

MARCH 28, 2022

Why Elevated Mortgage Rates Could Be the Housing Market’s Biggest Threat Yet. After two years of record-breaking price gains, supply chain disruptions, shortages, and heightened competition, a recent spike in mortgage rates could pose the biggest challenge yet for a supercharged housing market. Housing Policy + Finance.

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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 . housing markets. Tue, 05/31/2022 - 10:10. That's the finding from Moody's proprietary analysis of U.S.

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Pro Builder

JULY 8, 2022

Rising mortgage rates are cooling a long overheated housing market, but not all buyers benefit from the most recent series of rate hikes. Even as inventory levels rise across the U.S., the majority of available homes for sale are affordable only for higher-income buyers. Even as inventory levels rise across the U.S.,

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Income Inventory Portland Metro 52

Pro Builder

DECEMBER 6, 2021

In the third quarter of 2021, price growth began to normalize after months of record highs and inventory rose slightly across the nation, but first-time buyers still struggled in a competitive seller’s market, according to NerdWallet. Housing Markets. Housing Markets. Average quarterly home prices were listed at 5.3

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Pro Builder

MAY 20, 2021

market while housing inventory is down, resulting in a competitive market, but these metros are the most competitive. SmartAsset identified the hardest places to purchase a home in America by analyzing the affordability, inventory, and pricing levels of the top 50 U.S. Housing Markets. Housing Markets.

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Pro Builder

NOVEMBER 6, 2020

Housing Affordability Hovers Over Two-Year Low. Historically low mortgage rates are not enough to help offset inventory shortages and rising home prices, says the National Association of Home Builders. were tied as the nation’s most affordable major housing market, defined as a metro with a population of at least 500,000.

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Housing Income Metro Inventory 40

Pro Builder

JUNE 14, 2023

One solution to those challenges is to prioritize new housing development, but even builders are financially strained amid higher costs for materials and labor, tighter lending practices, rising interest rates, and ongoing supply chain disruptions. million homes for extremely low-income renters, The New York Times reports.

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