Pro Builder
FEBRUARY 15, 2022
Relocating Americans are going toe-to-toe with local buyers in popular metros like Nashville and Philadelphia, and with inflated budgets, newcomers are sweeping the competition and laying down their roots for good. Philadelphia saw a similar ratio with a 28.4% Philadelphia saw a similar ratio with a 28.4%
BD+C
JANUARY 2, 2014
Paseo Verde, a mixed-use, mixed-income community hosted a ribbon cutting ceremony last month. The complex is the country''s first Platinum LEED-certified Neighborhood Development, a distinction that it earned by creating an eco-friendly, transit-focused project. read more.
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BD+C
SEPTEMBER 25, 2023
Eleven million people in this country are paying more than half of their income for rent, and these are low-income people,” says Richard Burns, CEO of the NHP Foundation, a national not-for-profit provider of affordable housing. Affordable housing is housing built for people who earn 80% or less of the area median income (AMI).
BD+C
MAY 18, 2018
At $26,783 median family income, Camden, N.J., Lying just across the Delaware River from Philadelphia, the city of 74,420, home of Campbell’s Soup Company, has been battling economic decline for decades. ranks just behind Reading, Pa., and Flint, Mich., in poverty level among U.S. cities of 65,000 or more.
Pro Builder
AUGUST 10, 2021
Low-income borrowers — who often, but not always, use federally backed programs including low down payment loans backed by the Federal Housing Administration (FHA) to help them secure a home — may be particularly vulnerable, with less savings and monthly cash flow to work their way out of forbearance. Baltimore; Riverside, Calif.;
Pro Builder
MAY 19, 2021
In the Philadelphia metro, for example, the 51 zip codes where people of color represented at least half the population averaged 14.3 percentage points higher than the price growth in all 353 Philadelphia metro zip codes. For instance, home prices also rose faster than average in lower-income neighborhoods. percentage points.
Pro Builder
FEBRUARY 15, 2022
are not able to afford a new median priced home in 2022, according to NAHB’s Eye on Housing, meaning that 69% of Americans have incomes that are insufficient to qualify for a mortgage under standard underwriting criteria. Roughly 87.5 million households across the U.S. Affordability. Market Data + Trends. Housing Markets. Affordability.
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