Pro Builder

APRIL 2, 2021

Housing Costs are the Top Financial Concern for Older Millennials. The oldest Millennials are turning 40 this year and affordable housing remains a top concern for many in this generation. One-third of older Millennials, born between 1981 and 1989, say their most burdensome monthly expense is housing, reports CNBC. cbroderick.

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Housing Income Debt Budgeting 72

Pro Builder

JUNE 12, 2023

Additionally, existing rent regulations in costly metros like New York City often don’t include income tests, meaning that those who actually need rent protection are frequently left without that support, while those who can afford hefty rent hikes are able to easily secure rent stabilized units.

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New York City Regulation Income New York 98

Pro Builder

JUNE 12, 2023

Additionally, existing rent regulations in costly metros such as New York City often don’t include income tests, so those who actually need rent protection are frequently left without that support, while those who can afford hefty rent hikes are able to easily secure rent-stabilized units.

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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. The slow growth in affordable housing paired with the lack of growth in wages makes housing more unobtainable.

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Housing Products Income Detroit 52

BD+C

JANUARY 31, 2020

Starts of buildings with five or more housing units rose from December 2018 through December 2019 by 74.6% At the end of that period, the number of multifamily housing units under construction was up 7.3% to a seasonally adjusted annual rate of 536,000, according to preliminary Census Bureau estimates. to 177,000.

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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? Many problems from 2020 will live on, says the Washington Post, such as housing affordability.

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Housing Income Inventory Washington 59

Pro Builder

JANUARY 12, 2021

Housing is Most Unaffordable in West, Northeast Regions. The National Association of Realtors’ housing affordability index increased 1.2 month-over-month in November, yet affordability remains lower compared to 2019. The median family income advanced 1.7% cbroderick. Tue, 01/12/2021 - 10:26.

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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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Housing Income Inventory Budgeting 52

Pro Builder

JUNE 22, 2022

Housing Affordability Dips to 15-Year Low as Mortgage Rates Soar. Housing affordability took another hard hit last week following the Fed's most recent rate hikes. home, a 51% year-over-year gain significantly outpacing income growth nationwide. . In May 2019, rent was more expensive in 28 of those metros. .

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Housing Income Metro Atlanta 52

Pro Builder

SEPTEMBER 9, 2020

Home Purchase Sentiment Rises, Though Still Trailing Behind 2019. Housing market confidence rose in August after a slight dip back in July, but current sentiments are nothing compared to last year’s confidence. in August 2019. cbroderick. Wed, 09/09/2020 - 09:38. last month, up 3.3 points from July. last month, up 3.3

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Income Employment News Housing 52

Pro Builder

DECEMBER 29, 2022

homebuyers were looking to move to a different metro area, up from 18% in 2019, Forbes reports. Las Vegas is another hotspot for out-of-state buyers, and Florida’s relatively inexpensive real estate makes it a desirable location for incoming house hunters as well. During the three months ending in November, 24.1%

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Las Vegas Sacramento Tampa Miami 92

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

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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Housing Income Insurance Employment 52

Construction Cost Estimating

DECEMBER 16, 2019

From small houses and shops to major residential, offices, and retail we are seeing a lot of developments starting in the last couple of months. Especially, the last month, November 2019, has seen the start of a few major and important building projects. This winter is snowing new building projects all over the US of A.

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US New York Income Construction 52

Pro Builder

NOVEMBER 25, 2020

The number of homeowners that were cost-burdened dropped 9% overall during the past nine years, but low-income households only experienced half of that decrease. Homeowners who are cost-burdened spend more than 30% of their total income on housing. By 2019, this number had declined by more than half, to just 6 percent.

Income 52

Income Housing 52

Autodesk Construction Cloud

APRIL 22, 2022

Sitting on the grounds of a former petrol station was the COP house – a wooden cottage modelling a much more sustainable form of housing. Housing is a crucial topic across Europe, where many countries are facing a housing crisis. Housing is a crucial topic across Europe, where many countries are facing a housing crisis.

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Housing Sustainability Construction Modeling 98

Pro Builder

NOVEMBER 16, 2020

More than 40% of renters pay more than a third of their income on housing costs, meaning affordability typically affects renters more than it would homeowners, according to Smart Asset. The top five cities where rent has changed the most from 2016 to 2019 are Boston, San Francisco, Los Angeles, DC, and Baltimore. Key Findings.

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Pro Builder

OCTOBER 12, 2021

Black and Latinx renters spent 34% and 32.1%, respectively, of their monthly income on rent. Zillow research found that white and Asian households nationwide typically spent less than 30% of their monthly income on rent in August, but Black and Latinx renters spent 34% and 32.1%, respectively. in 2019 to just 15.7% While the 25.7%

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St. Louis Income Metro Oklahoma City 52

Pro Builder

SEPTEMBER 16, 2021

Upper-middle class Americans tend to move less frequently than tax filers with less income, but some areas are seeing an influx of this demographic. Texas, with no state income tax, has consistently been a popular state for higher earners to move to. Housing Markets. Housing Markets. cbroderick. Thu, 09/16/2021 - 10:59.

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Alaska Florida Arizona Maryland 52

Pro Builder

SEPTEMBER 23, 2021

The present troubles for renters are explained in large part by inequities that predate the Covid pandemic, said Diane Yentel, president and CEO of the National Low Income Housing Coalition. were cost burdened in 2019, meaning close to a third or more of their income went to their rent each month, according to the coalition. “We

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Income Housing Risk 52

Pro Builder

JUNE 1, 2023

markets—assuming one-third of their pre-tax income is used for a mortgage with a 5% down payment. However, rapid house price appreciation during the pandemic dragged Salt Lake City near the bottom of the affordability list. In the fourth quarter of 2019, the median renter could afford 69% of the homes for sale in Salt Lake City.

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Los Angeles San Diego San Francisco Cleveland 52

Pro Builder

AUGUST 25, 2022

Buying a home is becoming a near-impossible feat for a growing number of house hunters all across the U.S., percent in 2019, and from 2019 to 2020, the Black homeownership rate rose from 42.1 Soaring Prices, Waning Supply Hinder First-Time Minority Buyers. Thu, 08/25/2022 - 10:49. Homebuyers across the U.S. percent to 43.3

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Debt Housing Income Washington 52

Pro Builder

JUNE 9, 2020

Though these are encouraging signs, the index is still way below May 2019’s reading of 92, and home buyers continue to have major concerns including the loss of a job or income. . As coronavirus lockdowns begin to lift, consumer housing confidence shows signs of improvement after hitting a 10-year low, according to Fannie Mae.

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Income Housing News Resource 99

Pro Builder

JULY 22, 2021

With a median income of $113,300 in 2019, Gen Xers have the funds to invest more in their homes, so what housing markets are most attractive to this generation? Florida gained a net of 9,529 Gen Xers earning at least $100,000 per year between 2018-2019. Texas gained a total of 7,133 rich Gen Xers from 2018-2019.

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North Carolina South Carolina Florida Arizona 52

Pro Builder

MAY 27, 2021

Asian-headed households increased 83% from 2000 to 2019, but it does not represent the great economic divides within the group, says Zillow. But in the two decades between 2000 and 2019, the U.S. The median Asian household income is higher than the overall metro median in 49 of the country’s 50 largest metros. cbroderick.

Income 52

Income Metro Housing 52

Pro Builder

APRIL 6, 2021

Student loan payments are holding many Americans back from becoming homeowners by keeping their debt-to-income ratios high. A 2019 survey by Zillow found 39% of potential buyers said student debt delayed their homebuying plans. Zillow predicts this would bring 1 million borrowers into the housing market. A Hard Constraint.

Debt 59

Debt Income Finance Budgeting 59

Pro Builder

JANUARY 13, 2022

A marginalized housing market leaves Black homeowners with less affordability and larger hurdles to jump. As a result of racial disparities in the mortgage and housing markets, Black applicants were denied a mortgage at a rate 84% higher than white applicants, according to 2020 data from Zillow. Thu, 01/13/2022 - 10:19. set in 2004.

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South Carolina Income Arkansas Mississippi 52

Pro Builder

JULY 1, 2021

million in 2019. By reviewing the inflow and outflow of individuals younger than 35 with an adjusted gross income of at least $100,000 in each state between 2018 and 2019, SmartAsset identified the states attracting the most young, wealthy professionals. Housing Markets. million in 1999 to 31.4 22 on our list.

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New York Washington Colorado Illinois 52

Pro Builder

SEPTEMBER 28, 2020

One of the country’s largest home construction companies, KB Home, reported a net order increase of 27% compared to 2019, according to MarketWatch. The insane housing demand comes from a combination of apprehensive sellers, aging generations, and historically low home supply, Mezger says. New Home Sales. Construction.

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Income Construction Housing 59

Pro Builder

JUNE 10, 2020

metro areas, list prices were more than five times the median first-time homebuyer income in the first quarter 2020 — for reference, experts recommend spending only up to three times a person’s income on a home purchase. metros, list prices were more than five times the median first-time home buyer income in January through March.

Income 52

Income Metro Inventory Housing 52

Pro Builder

MARCH 26, 2021

in 2020 as home improvement project spending increased by 3%, according to Harvard University’s Joint Center for Housing Studies. For many homeowners with low incomes, however, keeping up with mortgage payments—let alone home maintenance—was especially challenging last year. cbroderick. Fri, 03/26/2021 - 09:32. economy dipped 3.5%

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Remodeling Income Metro Housing 52

Pro Builder

AUGUST 5, 2021

The areas also offer lower property taxes and no state income taxes. Home loan applications for purchases rose 11% in 2020 compared to 2019. A strong 84% of consumers noted they had been able to save more income to purchase a home due to the pandemic and stay-at-home orders, with nearly half saving 11% or more of their income.

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San Francisco Income Metro Tampa 52

Pro Builder

NOVEMBER 3, 2020

Based on the 2019 Survey of Consumer Finance data, homeownership accounts for 90% of total wealth among all families. 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. Homeownership Wealth Gains for Second Quarter of 2020. cbroderick.

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San Jose Las Vegas Los Angeles San Diego 52

Pro Builder

DECEMBER 2, 2020

But Americans from all walks of life are seeing declines in household formation rates, a result of the struggle to access affordable housing during the last decade, according to Zillow. But in 2019, household formation rates seemed to begin leveling off and even reversing. Then the pandemic hit. .

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Pro Builder

NOVEMBER 20, 2020

Housing affordability continues to be an issue for many Americans. Data compared included median household income in each city, average non-mortgage debt, and median home values. Housing Markets. Housing Markets. Fri, 11/20/2020 - 09:15. Nearly 67% of Americans are bunkered down by at least one non-mortgage debt.

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Los Angeles Oklahoma City San Francisco Debt 52

Pro Builder

JANUARY 14, 2021

SmartAsset analyzed the walk score, arts, entertainment and recreation establishments, restaurants, housing costs, average weeks per year, and more to identify the top cities with the best work-life balance. New York also has the longest 2019 average commute time, at 41.7 Housing Markets. Housing Markets. Read More. .

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Metro Columbus Omaha San Francisco 52

Pro Builder

APRIL 20, 2023

From just four subscribers at their start in 2019, Perkins Builder Brothers now boast over 730,000 YouTube subscribers, adding another 30,000 each month. Perkins Brothers Feeding the Social Media Beast For two years, the Perkins filmed and edited videos while still building homes full-time—and made zero income from their social media content.

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North Carolina Income Products Maine 98