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Austin creates innovative plan to boost affordable housing

BD+C

City leaders in Austin, Texas are backing an innovative policy to increase the amount of affordable housing. The plan relaxes zoning restrictions and provides incentives for higher density construction in affordable and mixed-income developments.

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The Average Homebuyer’s Income Has Increased Considerably in “Pandemic Boomtowns”

Pro Builder

The Average Homebuyer’s Income Has Increased Considerably in “Pandemic Boomtowns”. Remote workers moving to Boise, for example, have raised the average annual income of homebuyers by 24%, to $98,000. According to Redfin, Boise has seen the largest increase of homebuyer income among the 100 most populous U.S. metropolitan areas.

Income 52
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Out-of-Towners Pushed the Average Boise Buyer Income 24% Higher During the Pandemic

Pro Builder

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. Thu, 08/11/2022 - 09:15. The typical Boise homebuyer earned $98,000 in 2021, up 24.1%

Income 52
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6 guideposts for cities to create equitable transit-oriented developments

BD+C

6 guideposts for cities to create equitable transit-oriented developments Austin, Texas, has developed an ETOD Policy Toolkit Study to make transit-oriented developments more equitable for current and future residents and businesses. When it came to envisioning the future of the impacted areas, Austin enlisted the community.

Austin 95
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The impacts of affordability, remote work, and personal safety on urban life

BD+C

Our respondents come from cities in four global regions: North America (Atlanta, Austin, Charlotte, Chicago, Dallas, Denver, Los Angeles, Miami, New York, San Diego, San Francisco, Seattle, Toronto, and Washington, D.C.), Income level creates the most variation in agreement for this statement.

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As Rental Costs Rise and Wage Growth Slows, Housing Affordability Worsens

Pro Builder

have been squeezed by fast-rising rental costs paired with near-stagnant income growth, and as a result, two full-time workers earning minimum wage can comfortably afford a typical two-bedroom rental in just 10 of the 50 largest U.S. In San Francisco, home to the highest one-bedroom rents in the country, an hourly income of $49.01

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Is Your Local Housing Market Headed Toward a Home Price Correction?

Pro Builder

The second groups are frothy housing markets like Austin, Boise, and Phoenix. Those frothy markets, which saw home values go far beyond what local incomes can support during the Pandemic Housing Boom, reach levels that local incomes are struggling to support. Housing Markets. New-Home Sales. Affordability.